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US Housing Market Slowdown in 2025: Key Trends and Forecasts
US HOUSING MARKET UPDATE: JUNE 2025
The US housing market is experiencing a notable slowdown as we enter June 2025, with year-over-year price growth decelerating to just 2.0% in April, according to the latest Cotality data released yesterday. This marks a significant cooling compared to previous months, with external pressures continuing to weigh on growth nationwide.
Single-family detached homes are still showing modest growth at 2.46% annually, while single-family attached homes have posted their first annual decline since 2012, falling by 0.08%. This divergence indicates a shifting preference among buyers in the current economic climate.
Regional variations are becoming more pronounced, with Wyoming recently joining the top five states for highest year-over-year home price growth. The Northeast and Midwest continue to see the largest gains, particularly in affordable areas surrounding expensive metropolitan centers. Meanwhile, Florida, Texas, Hawaii, and Washington D.C. are now reporting negative home price growth.
The national median existing home price stands at $403,700, representing a 2.7% increase compared to this time last year. Mortgage rates averaged 6.71% in April, continuing to challenge affordability for many potential buyers.
Looking ahead, construction trends show single-family home building is expected to outpace multifamily development in 2025, with analysts predicting a 3% growth in single-family starts while multifamily starts may decline by 4%. This shift reflects ongoing adjustments to market demands and builder incentives designed to attract buyers.
Fannie Mae forecasts home prices rising 4.1% year over year in 2025, suggesting the current slowdown may be temporary. However, market uncertainty remains high, with experts closely monitoring how economic factors, including potential policy changes under the Trump administration, might affect both housing demand and supply in the coming months.
The spring homebuying season appears to be fading earlier than expected, setting the stage for what could be a challenging summer for both buyers and sellers in the US housing market.
This content was created in partnership and with the help of Artificial Intelligence AI
The US housing market is experiencing a notable slowdown as we enter June 2025, with year-over-year price growth decelerating to just 2.0% in April, according to the latest Cotality data released yesterday. This marks a significant cooling compared to previous months, with external pressures continuing to weigh on growth nationwide.
Single-family detached homes are still showing modest growth at 2.46% annually, while single-family attached homes have posted their first annual decline since 2012, falling by 0.08%. This divergence indicates a shifting preference among buyers in the current economic climate.
Regional variations are becoming more pronounced, with Wyoming recently joining the top five states for highest year-over-year home price growth. The Northeast and Midwest continue to see the largest gains, particularly in affordable areas surrounding expensive metropolitan centers. Meanwhile, Florida, Texas, Hawaii, and Washington D.C. are now reporting negative home price growth.
The national median existing home price stands at $403,700, representing a 2.7% increase compared to this time last year. Mortgage rates averaged 6.71% in April, continuing to challenge affordability for many potential buyers.
Looking ahead, construction trends show single-family home building is expected to outpace multifamily development in 2025, with analysts predicting a 3% growth in single-family starts while multifamily starts may decline by 4%. This shift reflects ongoing adjustments to market demands and builder incentives designed to attract buyers.
Fannie Mae forecasts home prices rising 4.1% year over year in 2025, suggesting the current slowdown may be temporary. However, market uncertainty remains high, with experts closely monitoring how economic factors, including potential policy changes under the Trump administration, might affect both housing demand and supply in the coming months.
The spring homebuying season appears to be fading earlier than expected, setting the stage for what could be a challenging summer for both buyers and sellers in the US housing market.
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiUS HOUSING MARKET UPDATE: JUNE 2025
The US housing market is experiencing a notable slowdown as we enter June 2025, with year-over-year price growth decelerating to just 2.0% in April, according to the latest Cotality data released yesterday. This marks a significant cooling compared to previous months, with external pressures continuing to weigh on growth nationwide.
Single-family detached homes are still showing modest growth at 2.46% annually, while single-family attached homes have posted their first annual decline since 2012, falling by 0.08%. This divergence indicates a shifting preference among buyers in the current economic climate.
Regional variations are becoming more pronounced, with Wyoming recently joining the top five states for highest year-over-year home price growth. The Northeast and Midwest continue to see the largest gains, particularly in affordable areas surrounding expensive metropolitan centers. Meanwhile, Florida, Texas, Hawaii, and Washington D.C. are now reporting negative home price growth.
The national median existing home price stands at $403,700, representing a 2.7% increase compared to this time last year. Mortgage rates averaged 6.71% in April, continuing to challenge affordability for many potential buyers.
Looking ahead, construction trends show single-family home building is expected to outpace multifamily development in 2025, with analysts predicting a 3% growth in single-family starts while multifamily starts may decline by 4%. This shift reflects ongoing adjustments to market demands and builder incentives designed to attract buyers.
Fannie Mae forecasts home prices rising 4.1% year over year in 2025, suggesting the current slowdown may be temporary. However, market uncertainty remains high, with experts closely monitoring how economic factors, including potential policy changes under the Trump administration, might affect both housing demand and supply in the coming months.
The spring homebuying season appears to be fading earlier than expected, setting the stage for what could be a challenging summer for both buyers and sellers in the US housing market.
This content was created in partnership and with the help of Artificial Intelligence AI
The US housing market is experiencing a notable slowdown as we enter June 2025, with year-over-year price growth decelerating to just 2.0% in April, according to the latest Cotality data released yesterday. This marks a significant cooling compared to previous months, with external pressures continuing to weigh on growth nationwide.
Single-family detached homes are still showing modest growth at 2.46% annually, while single-family attached homes have posted their first annual decline since 2012, falling by 0.08%. This divergence indicates a shifting preference among buyers in the current economic climate.
Regional variations are becoming more pronounced, with Wyoming recently joining the top five states for highest year-over-year home price growth. The Northeast and Midwest continue to see the largest gains, particularly in affordable areas surrounding expensive metropolitan centers. Meanwhile, Florida, Texas, Hawaii, and Washington D.C. are now reporting negative home price growth.
The national median existing home price stands at $403,700, representing a 2.7% increase compared to this time last year. Mortgage rates averaged 6.71% in April, continuing to challenge affordability for many potential buyers.
Looking ahead, construction trends show single-family home building is expected to outpace multifamily development in 2025, with analysts predicting a 3% growth in single-family starts while multifamily starts may decline by 4%. This shift reflects ongoing adjustments to market demands and builder incentives designed to attract buyers.
Fannie Mae forecasts home prices rising 4.1% year over year in 2025, suggesting the current slowdown may be temporary. However, market uncertainty remains high, with experts closely monitoring how economic factors, including potential policy changes under the Trump administration, might affect both housing demand and supply in the coming months.
The spring homebuying season appears to be fading earlier than expected, setting the stage for what could be a challenging summer for both buyers and sellers in the US housing market.
This content was created in partnership and with the help of Artificial Intelligence AI