Weekly Housing Headlines

Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low; sales of previously owned homes rose very slightly in May, up 0.8% from April; mortgage applications increased 1.1% from one week earlier; pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year; and Fannie Mae lowered its home sales forecast for 2025.

New-Home Sales Drop By Most Since 2022 On Poor Affordability
Financial Advisor - 6/25/2025
Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates in a Bloomberg survey.

May home sales increase very slightly, but prices hit another record high
CNBC - 6/23/2025
Sales of previously owned homes rose very slightly in May, up 0.8% from April, to a seasonally adjusted, annualized rate of 4.03 million units, according to the National Association of Realtors.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 6/25/2025
Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 20, 2025.

S&P CoreLogic Case-Shiller Index Posts 2.7% Annual Gain for April 2025
Realtor.com - 6/24/2025
The S&P CoreLogic Case-Shiller Index increased 2.7% year-over-year in April. This is a slight decline from the March 2025 reading and the slowest annual gain since mid-2023.

Pending home sales May +1.1% year-over-year
CNBC - 6/26/2025
Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according to the National Association of REALTORS Pending Home Sales report. CNBC’s Diana Olick joins ‘Squawk on the Street’ to discuss.

FHFA House Price Index Down 0.4 Percent in April; Up 3.0 Percent from Last Year
FHFA - 6/24/2025
U.S. house prices fell 0.4 percent in April, according to the U.S. Federal Housing seasonally adjusted monthly House Price Index. House prices rose 3.0 percent from April 2024 to April 2025.

Fannie Mae lowers home sales forecast
Mortgage Professional America - 6/24/2025
Fannie Mae’s Economic and Strategic Research Group has lowered its forecast for U.S. existing single-family home sales in 2025 to 4.14 million units, down from the 4.24 million units projected in the previous month’s outlook.

Report: Housing crisis deepens as affordability reaches new lows
Mortgage Professional America - 6/25/2025
A new report from Harvard’s Joint Center for Housing Studies reveals the U.S. housing market faces unprecedented challenges, with record-high levels of unaffordability and declining homeownership rates threatening millions.

Redfin Reports U.S. Home Prices Hit All-Time High
Redfin - 6/20/2025
The median U.S. home-sale price hit a record $396,500 during the four weeks ending June 15, up 1% year over year, according to a new report from Redfin.

Mortgage Application Payments Increase in May
Mortgage Bankers Association - 6/26/2025
Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing to $2,211 from $2,186 in April.