Here is your real estate news for Monday, July 7th.
Today’s Real Estate News (July 7, 2025):
First‑Time Home Buyers Largely Absent; Landlords Gain
New data show the number of first‑time homebuyers has dropped to near half the long‑term average—only 1.1 million in 2024—due to high mortgage rates and soaring prices, especially for homes under $500K. Meanwhile, rental demand is rising: 46 million renter households now, allowing landlords to raise rents and benefit from tight vacancy rates..
Luxury Buyers Lean Into Cash Purchases
A mid‑year report from Coldwell Banker indicates over half of luxury buyers—up by ~50%—are making all‑cash offers this year. Higher rates are encouraging affluent buyers to use savings or asset proceeds, leading to modest gains in luxury home prices and sales, with inventory also up.
Zillow’s Listing Policy Faces Compass Antitrust Challenge
Compass has filed federal antitrust litigation against Zillow’s new “Listing Access Standards”—effective June 30—alleging they unfairly punish listings not uploaded to Zillow first. The lawsuit accuses Zillow of undermining consumer choice and monopolistic behavior.
Mortgage Rates (July 7, 2025):
30‑Year Fixed: 6.75%
15‑Year Fixed: 5.98%
30-Year Jumbo: 6.85%
10‑Year Treasury Yield: 4.33%
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
Thanks for reading,
Chris
