Here is your real estate news for Thursday, July 3rd.
Today’s Real Estate News (July 3, 2025):
U.S. Housing Market Shows Signs of Freeze
New home sales plunged 13.7% in May to an annualized pace of 623,000 units, a 6.3% year-over-year decline. With inventory at a 9.8-month supply — well above the 6-month benchmark — the market has entered a pronounced buyer’s market, especially in the South where sales dropped sharply.
Zillow Listing Policy Faces Antitrust Lawsuite
Compass has filed a federal antitrust lawsuit challenging Zillow’s new Listing Access Standards, alleging the rules unfairly restrict agents and pressure sellers to comply with Zillow’s platform policies. The suit raises debate over who controls listing access and market power.
Luxury Boom: Hamptons Home Sales Surge
Hamptons home sales jumped 15% in Q2 2025, fueled by a boom in $5M+ property deals. Meanwhile, North Fork saw price gains, despite slower overall turnover.
Mortgage Rates (July 3, 2025):
30‑Year Fixed: 6.73%
15‑Year Fixed: 5.89%
30-Year Jumbo: 6.84%
10‑Year Treasury Yield: 4.27%
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
