In the past 48 hours, the US housing industry has shown nuanced movements, reflecting both encouraging and discouraging trends. Recently, existing home sales increased by 1.1 percent year over year in July 2025, reaching a six-month high, driven by a steady rise in listings[2]. This uptick in sales occurred despite a slight increase in the median home price, which edged up by 0.3 percent over the past year[2]. The inventory of homes at the current sales pace has eased, though it remains at one of its highest levels in over five years[2].

Mortgage rates have been trending downward, with the average 30-year fixed rate hovering around 6.3 percent as of September 2025[4]. This decrease in mortgage rates could further boost sales, especially as experts predict the best time to buy a home in October 2025, with potential price reductions and increased listings[1]. New home sales have also seen recent momentum, with August figures showing a significant month-over-month increase; however, the median price for new homes has faced downward pressure, dropping below $400,000 for the first time since September 2021[2].

Consumer behavior has shifted towards more cautious buying, with affordability remaining a key constraint due to elevated home prices[3]. The housing market's growth is moderating, with projections suggesting flat to slightly downward home price movements over the next twelve months[3]. Industry leaders are responding to these challenges by offering incentives in the new home market, such as rate buydowns and closing cost assistance[3]. Overall, while the market shows signs of stability, it remains sensitive to changes in interest rates and consumer sentiment.

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