Here is your real estate market update and the top real estate news for June 1st, 2025:
Top Real Estate News (June 1, 2025):
-
Buyers Stay Active as June Kicks Off with Inventory Growth: Realtor.com reported a 9% year-over-year increase in new listings entering June, giving buyers more options and helping stabilize prices. Showing activity remains strong nationwide.
-
Mortgage Delinquencies Remain Near Record Lows: According to CoreLogic, mortgage delinquencies in April held at just 2.8%, signaling continued financial stability among homeowners.
Mortgage Rates (June 1, 2025):
-
30-Year Fixed: 6.43%
-
15-Year Fixed: 5.79%
-
Jumbo 30-Year Fixed: 6.62%
10-Year Treasury Yield (June 1, 2025):
-
Closed at 3.83%
(The yield continued to decline slightly as investor focus remains on potential summer rate cuts by the Fed.)
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.
See you tomorrow for more real estate news!
Chris
