Real Estate & Market Update – Week of July 28, 2025

 

💬 Quote of the Week

“A person always has two reasons for doing anything: a good reason, and the real one.”
— J.P. Morgan

📊 National Housing Market Snapshot

🏡 New Home Sales:
June brought a slight bump in new single-family home sales, kicking off summer on a positive note. Even better—median home prices are down nearly 3% from last year, and nearly 13% below their 2022 peak, making homes a bit more affordable.

🏘️ Existing Homes:
Sales of existing single-family homes dipped slightly, while condo/co-op sales held steady. Inventory is on the rise, up almost 16% year-over-year, and nearing the 5-month supply that signals a balanced market.

💵 Mortgage Applications:
More buyers are entering the market—purchase mortgage applications are up 4% week-over-week, and a strong 22% above last year’s numbers.

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📈 Review of Last Week: Bullish Momentum

Wall Street stayed hot 🔥 last week:

• S&P 500 and Nasdaq extended record highs.

• A trade deal with Japan cut tariffs and secured $550 billion in investment.

• Solid labor market data and a growing services sector boosted investor confidence.

Market Performance:

• Dow: ▲ 1.3% → 44,902

• S&P 500: ▲ 1.5% → 6,389

• Nasdaq: ▲ 1.0% → 21,108

• 30-Year Mortgage Rates: Down slightly, and lower than a year ago

💡 Did You Know?
Buyers now have more choices and stronger negotiating power. In June, Zillow listings hit a 5-year high, and 27% of listings had price cuts—the highest share since 2018.

🔮 What to Watch This Week

• Home Price Indexes (May) – Continued moderation expected

• Pending Home Sales (June) – Projected increase in signed contracts

• Construction Spending – Positive outlook, especially in residential

• Jobs Report (June) – Modest payroll growth anticipated

• PCE Inflation Data – Forecasted to show stable price growth

• Federal Reserve Meeting (July 30) – No rate cut expected this month

🏦 Federal Reserve Watch

📉 Interest Rate Outlook:
No rate cut expected in July, but watch for possible changes in September. Current rate: 4.25%–4.50%

FOMC Meeting Date	Expected Rate	Chance of Rate Cut
July 30	4.25%–4.50%	3.1%
September 17	4.00%–4.25%	61.7%
October 29	4.00%–4.25%	30.0%

💡 Business Tip of the Week

You don’t need to do more—you need to do what matters more intentionally.
When you pause to focus on your goals instead of just your tasks, you operate with purpose—not pressure.

“Where your attention goes, your energy flows.”

Curious to see what your loan approval may be? Contact Nate Tallo