Here is your real estate news for Tuesday, July 8th.
Today’s Real Estate News (July 8, 2025):
U.S. Housing Market Cooling
Zillow forecasts a 1.4% decline in U.S. home values during 2025, citing rising inventory, affordability headwinds, and high mortgage rates. Despite this, existing home sales are expected to tick up slightly, with rental inflation easing as vacancy rates improve.
First-Time Homebuyers Diminish, Landlords Take Advantage
The number of first-time homebuyers in the U.S. fell to just 1.1 million in 2024—far below the 20-year average of 2.1 million—driven by high home prices and mortgage rates. Homes priced under $500,000 saw the sharpest sales declines.
Mortgage Rates (July 8, 2025):
30‑Year Fixed: 6.79%
15‑Year Fixed: 5.99%
30-Year Jumbo: 6.89%
10‑Year Treasury Yield: 4.41%
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
