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US Housing Market Shifts: Moderating Prices, Sluggish Sales, and Affordability Challenges
In the past 48 hours, the US housing industry shows clear signs of a market in flux, with several key shifts shaping the current landscape. National data reveals that home price growth is moderating after years of rapid escalation. For the four weeks ending July 20, the median asking price for US homes climbed 2.2 percent to 403,000 dollars, the smallest increase observed since August 2023. Still, home prices remain at record highs, with the median sale price reaching 399,000 dollars, marking a new national record but up only 1.6 percent compared to last year. This deceleration contrasts sharply with the 5 to 6 percent year-over-year gains seen through much of 2024 and early 2025.
Sales activity remains exceptionally sluggish. In June, new home sales fell to a seasonally adjusted annual rate of 627,000, with inventory hitting 511,000 new homes at month’s end. The median price of new houses fell to 401,800 dollars, down 4.9 percent month-on-month. Despite inventory gains, the industry is on track for the lowest existing-home sales since 1995. Pending sales are unstable, as over 57,000 contracts were cancelled in June, representing 14.9 percent of units under contract, the highest share since records began.
The market’s shift is driven by affordability challenges. Elevated mortgage rates and surging home prices have pushed the US housing market to its most unaffordable level on record. The median price for existing homes sold last month hit 435,300 dollars, surpassing the prior peak from June 2024. Many buyers are postponing purchases and opting to rent, giving consumers more bargaining power as supply accumulates.
Industry leaders are mostly waiting out these conditions, with few major new product launches or deals announced this week. Builders face softened demand despite offering more options, and many prospective buyers remain on the sidelines. While Zillow projects a mild 1 percent drop in national home prices over the next year, most experts agree that material improvements in affordability will be slow to arrive. Compared to last year’s heated market, buyers today face more choices and slightly better conditions, but persistent high prices and borrowing costs are keeping transaction volumes at historic lows.
For great deals today, check out https://amzn.to/44ci4hQ
This content was created in partnership and with the help of Artificial Intelligence AI
Sales activity remains exceptionally sluggish. In June, new home sales fell to a seasonally adjusted annual rate of 627,000, with inventory hitting 511,000 new homes at month’s end. The median price of new houses fell to 401,800 dollars, down 4.9 percent month-on-month. Despite inventory gains, the industry is on track for the lowest existing-home sales since 1995. Pending sales are unstable, as over 57,000 contracts were cancelled in June, representing 14.9 percent of units under contract, the highest share since records began.
The market’s shift is driven by affordability challenges. Elevated mortgage rates and surging home prices have pushed the US housing market to its most unaffordable level on record. The median price for existing homes sold last month hit 435,300 dollars, surpassing the prior peak from June 2024. Many buyers are postponing purchases and opting to rent, giving consumers more bargaining power as supply accumulates.
Industry leaders are mostly waiting out these conditions, with few major new product launches or deals announced this week. Builders face softened demand despite offering more options, and many prospective buyers remain on the sidelines. While Zillow projects a mild 1 percent drop in national home prices over the next year, most experts agree that material improvements in affordability will be slow to arrive. Compared to last year’s heated market, buyers today face more choices and slightly better conditions, but persistent high prices and borrowing costs are keeping transaction volumes at historic lows.
For great deals today, check out https://amzn.to/44ci4hQ
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiIn the past 48 hours, the US housing industry shows clear signs of a market in flux, with several key shifts shaping the current landscape. National data reveals that home price growth is moderating after years of rapid escalation. For the four weeks ending July 20, the median asking price for US homes climbed 2.2 percent to 403,000 dollars, the smallest increase observed since August 2023. Still, home prices remain at record highs, with the median sale price reaching 399,000 dollars, marking a new national record but up only 1.6 percent compared to last year. This deceleration contrasts sharply with the 5 to 6 percent year-over-year gains seen through much of 2024 and early 2025.
Sales activity remains exceptionally sluggish. In June, new home sales fell to a seasonally adjusted annual rate of 627,000, with inventory hitting 511,000 new homes at month’s end. The median price of new houses fell to 401,800 dollars, down 4.9 percent month-on-month. Despite inventory gains, the industry is on track for the lowest existing-home sales since 1995. Pending sales are unstable, as over 57,000 contracts were cancelled in June, representing 14.9 percent of units under contract, the highest share since records began.
The market’s shift is driven by affordability challenges. Elevated mortgage rates and surging home prices have pushed the US housing market to its most unaffordable level on record. The median price for existing homes sold last month hit 435,300 dollars, surpassing the prior peak from June 2024. Many buyers are postponing purchases and opting to rent, giving consumers more bargaining power as supply accumulates.
Industry leaders are mostly waiting out these conditions, with few major new product launches or deals announced this week. Builders face softened demand despite offering more options, and many prospective buyers remain on the sidelines. While Zillow projects a mild 1 percent drop in national home prices over the next year, most experts agree that material improvements in affordability will be slow to arrive. Compared to last year’s heated market, buyers today face more choices and slightly better conditions, but persistent high prices and borrowing costs are keeping transaction volumes at historic lows.
For great deals today, check out https://amzn.to/44ci4hQ
This content was created in partnership and with the help of Artificial Intelligence AI
Sales activity remains exceptionally sluggish. In June, new home sales fell to a seasonally adjusted annual rate of 627,000, with inventory hitting 511,000 new homes at month’s end. The median price of new houses fell to 401,800 dollars, down 4.9 percent month-on-month. Despite inventory gains, the industry is on track for the lowest existing-home sales since 1995. Pending sales are unstable, as over 57,000 contracts were cancelled in June, representing 14.9 percent of units under contract, the highest share since records began.
The market’s shift is driven by affordability challenges. Elevated mortgage rates and surging home prices have pushed the US housing market to its most unaffordable level on record. The median price for existing homes sold last month hit 435,300 dollars, surpassing the prior peak from June 2024. Many buyers are postponing purchases and opting to rent, giving consumers more bargaining power as supply accumulates.
Industry leaders are mostly waiting out these conditions, with few major new product launches or deals announced this week. Builders face softened demand despite offering more options, and many prospective buyers remain on the sidelines. While Zillow projects a mild 1 percent drop in national home prices over the next year, most experts agree that material improvements in affordability will be slow to arrive. Compared to last year’s heated market, buyers today face more choices and slightly better conditions, but persistent high prices and borrowing costs are keeping transaction volumes at historic lows.
For great deals today, check out https://amzn.to/44ci4hQ
This content was created in partnership and with the help of Artificial Intelligence AI