🏡✨ #USHouseMarketStructureDraft
Big shifts in the U.S. housing market for 2025! 📈
- Existing homes for sale are bouncing back to more normal levels in many big cities, and new homes are hitting the market at rates we haven’t seen since 2007-2008. There are now 481,000 new homes for sale-about 50% higher than the long-term average! 🏘️
- Speculative homes (those built without a buyer lined up) are also at a 16-year high, up 40% above average. More choices for buyers, but supply won’t boost prices like before.
- Single-family existing home listings are up 20% year-over-year, but still sit 20–30% below past lows. So, while things are improving, inventory is still tight in historical terms.
- Mortgage rates remain stubbornly high, hovering above 6%. This keeps many homeowners “locked in” to their current homes, slowing down the market and making affordability a big challenge for new buyers.
- Home prices are still rising, but much more slowly than before. Expect more variation across regions-high-income areas may see prices climb faster, while others cool off.
Bottom line: More homes are for sale, but high rates and affordability hurdles mean the market is still tough for buyers. Keep your eyes on the numbers-2025 is shaping up to be a year of transition! 👀🏠✨