Weekly Housing Headlines

Mortgage applications increased 0.8% from one week earlier; new listing fell 3.2% to their lowest level in two years; sales of previously owned homes in June fell 2.7% from May; Boomers now hold nearly half of the nation's real estate wealth at $19 trillion; sales of new single-family homes declined by 17% from 2020 to 2024; and home sales could fall to a new three-decade low in 2025.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 7/23/2025
Mortgage applications increased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 18, 2025.

Redfin Reports New Listings Fall to Lowest Level in Nearly Two Years
Redfin - 7/21/2025
New listings of U.S. homes for sale fell 3.2% in June to the lowest seasonally adjusted level since October 2023, according to a new report from Redfin. That’s the biggest month-over-month decline since February 2023.

June home sales drop as prices hit a record high
CNBC - 7/23/2025
Sales of previously owned homes in June fell 2.7% from May to 3.93 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Analysts had expected a drop of just 0.7%.

Boomers Are Sitting on Nearly $19 Trillion in Real Estate — Here’s Where They Hold the Most Housing Wealth
Realtor.com - 7/21/2025
Boomers now hold nearly half of the nation's real estate wealth. This is a direct reflection of decades of homeownership, rising property values and the generational shift that is now reshaping the housing market.

Sales of Lower-Priced New Single-Family Homes Declined Over the Past Five Years
Eye On Housing - 7/21/2025
Data from the U.S. Census’s Survey of Construction shows that total sales of new single-family homes declined by 17% during the 2020-2024 period.

Home Sales May Fall to New 30-Year Low in 2025 as Mortgage Rates Remain Elevated
Realtor.com - 7/23/2025
Home sales could fall to a new three-decade low in 2025 as elevated mortgage rates continue to crimp affordability, according to new projections from the Realtor.com economic research team.

Fannie Mae lowers mortgage rate forecasts as Fed faces pressure
Mortgage Professional America - 7/24/2025
The forecasted mortgage rate for the end of 2025 is 6.4%, down by 0.1% from the previous call of 6.5%. At the end of 2026, Fannie Mae predicts rates will be at 6.0%, a decrease of 0.1% from the 6.1% in the previous outlook.

Housing Starts Increased in June Driven by Multifamily Construction
MortgageOrb - 7/18/2025
Housing starts in June were at a seasonally adjusted annual rate of 1.321 million, an increase of 4.6% compared with May but down 0.5% compared with June 2024, according to the U.S. Census Bureau and HUD.

Home prices are continuing to dip across the U.S.
Mortgage Professional America - 7/23/2025
U.S. home prices fell by 0.1% in June, continuing a three-month streak of modest declines. A new report from Redfin highlighted that year-over-year price growth also slowed to 3.4%, the lowest rate since June 2023.

Weekly Housing Trends: Latest Data as of July 19
Realtor.com - 7/24/2025
Annual price growth held steady for the third week in a row, while homes continued to spend more time on the market. Mortgage rates ticked higher and buyers continued to face challenging market conditions.