Weekly Housing Headlines

Mortgage rates dropped for the first time in more than a month; mortgage applications decreased 3.9% from one week earlier; year-over-year price growth slowed to 2% in April; May boasted a new post-pandemic high in for-sale inventory; Redfin projects that U.S. home prices will fall 1% year over year by the end of 2025; and many prospective homebuyers remain sidelined due to near-record costs and economic uncertainty.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 6/4/2025
Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 30, 2025.

Mortgage Rates Drop For First Time In More Than A Month
Financial Advisor - 6/5/2025
Mortgage rates in the U.S. slipped for the first time since early May. The average for 30-year, fixed loans was 6.85%, down from 6.89% last week, according to Freddie Mac.

U.S. home price insights — June 2025
Cotality - 6/3/2025
Year-over-year price growth slowed to 2.0% in April 2025, with single-family detached homes still growing at 2.46% annual rate while single-family attached homes posted a 0.08% decline — the first annual decline since 2012.

Weekly Housing Trends View — Data for Week Ending May 31, 2025
Realtor.com - 6/5/2025
As a whole, May boasted a new post-pandemic high in for-sale inventory, driven by large inventory gains in the West (+40.7% YoY) and the South (+32.9% YoY).

Where Gen Z Homebuyers Are Heading, And Where They’re Choosing Not To Even Look
National Mortgage Professional - 6/3/2025
A new report from LendingTree shows metros where younger buyers are looking to purchase, and reveals disparities in credit score and down payments.

Mortgage rates expected to remain elevated for remainder of year – survey
Mortgage Professional America - 6/3/2025
While home price growth is expected to moderate, interest rates are forecasted to remain higher than previously expected, according to a Reuters survey of property experts released Tuesday.

What could cause U.S. home prices to fall?
Mortgage Professional America - 5/30/2025
Redfin projects that US home prices will fall 1% year over year by the end of 2025, citing a record-high gap between the number of sellers and buyers as the primary driver behind its forecast.

Stubborn mortgage rates stall U.S. housing recovery, says NAR's Yun
Mortgage Professional America - 6/4/2025
Lawrence Yun, chief economist for the National Association of Realtors, recently offered an outlook on the real estate landscape, highlighting both current challenges and signs of potential recovery.

This Is How Much Your Home Is Worth in Gold — as Florida Recognizes 2 Precious Metals as Legal Tender
Realtor.com - 6/4/2025
Gov. Ron DeSantis on May 27 signed a bill into law to recognize gold and silver coins in payments in the Sunshine State, making Florida one of a dozen states to move in that direction, including Louisiana, Texas and Utah.

Redfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward Buyers
Redfin - 6/5/2025
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer’s market in many parts of the country. That’s deterring some would-be sellers.