US Housing View – June 6, 2025

On prices, rent, and mortgage:    

  • US home prices to rise 3.5% this year but tariffs will hinder new construction: Reuters poll – Reuters
  • Home Prices Rebound After Brief Pullback—but There’s Good News for Homebuyers – Realtor.com
  • Freddie Mac House Price Index Declined in April; Up 2.6% Year-over-year. 4 of the 5 cities with largest price declines are in Florida! – Calculated Risk
  • Asking Rents Mostly Unchanged Year-over-year – Calculated Risk
  • High Mortgage Rates Are Not Killing the Dream of Homeownership for One Generation – Realtor.com
  • June ICE Mortgage Monitor: Home Prices Continue to Cool – Calculated Risk
  • The Mortgage-Market Questions Key to a Public Offering for Fannie and Freddie. Trump administration wants to sell shares in these key financial companies. How it does so will have big impact on home buyers and owners. – Wall Street Journal
  • Donald Trump’s plans for Fannie and Freddie would mean payday for hedge funds. Critics warn privatisation of the mortgage giants would enrich Wall St but endanger the housing market – FT 
  • Q1 Update: Delinquencies, Foreclosures and REO. REO: lender Real Estate Owned – Calculated Risk
  • Mortgage Applications Dip in May amid Refinance Slowdown – NAHB


On sales, permits, starts, and supply:    

  • Pending Home Sales Slump as Mortgage Prices Weigh. The pending home sales index sank 6.3% in April, more than offsetting the 5.5% rise in March – Wall Street Journal
  • The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall – Redfin
  • Pending Home Sales Declined 6.3% in April – NAR
  • U.S. Home Vacancy Rate Steady for 13th Straight Quarter – ATTOM
  • Multifamily Absorption Moves Lower for New Apartments – NAHB
  • Weekly Housing Trends View—Data for Week Ending May 24, 2025 – Realtor.com
  • The Housing Inventory Is Here—Where Are the Buyers? – NAR
  • April Private Residential Construction Spending Dips – NAHB
  • Redfin: These 31 major housing markets have shifted to buyer’s markets. The shifted U.S. housing market now has 500,000 more home sellers than homebuyers, Redfin calculates. – Fast Company
  • U.S. Home Sellers Are Sitting on Nearly $700 Billion Worth of Listings, an All-Time High – Redfin
  • States with Highest and Fastest Rising Construction Wages, 2025 – NAHB


On other developments:    

  • Sun Belt buyers hold the most power this spring – Zillow
  • Real Estate Mapped: U.S. Housing Affordability by State – Visual Capitalist
  • We’re all addicted to Zillow now. Forget house hunting. Real estate listings are all about gossip, escapism and scoping out your neighbor’s bathroom renovation. – Washington Post
  • A Soft Housing Market Isn’t Just a Florida and Texas Story Now. Sellers may be cutting prices, but buyers can wait. – Bloomberg
  • Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market – AP
  • The housing market cracks. It’s not just about affordability. – Quartz
  • America’s housing market is cracking. After more than two years of relentless price increases, the fundamentals are shifting. What’s emerging is a dramatic reversal from what came before – Quartz  
  • The Housing Market Was Supposed to Recover This Year. What Happened? Economists predicted that the United States would break free of its long-running housing slump in 2025. But the opposite happened. – New York Times
  • How Trump’s Tariffs and Immigration Policies Could Make Housing Even More Expensive. Out-of-control housing costs helped Trump win the 2024 election. Is he about to make the problem worse? – Reason
  • How the N.Y.C. Mayoral Candidates Plan to Solve the Housing Crisis. The candidates’ ambitious plans could bring hundreds of thousands of new homes to a city desperate for them, though many are light on details about how they’d pay for them. – New York Times
  • The United States Residential Property Market Analysis 2025 – Global Property Guide
  • Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in April. Fannie Multi-Family Delinquency Rate Highest Since Jan 2011 (ex-Pandemic) – Calculated Risk
  • 2025 Top Rental Markets for Recent College Graduates – Realtor.com
  • New Housing Doesn’t Have to Create New Traffic. Americans want to reduce sprawl, but how we actually build depends on the city. – Slate
  • First-Time Home Buyers Making Up a Smaller and Smaller Share of the Market – Apollo

Posted by at 5:00 AM

Labels: Global Housing Watch

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