Published: July, 2, 2025| Time to Read: 5 minutes | Word Count: 0
Welcome to our June 2025 real estate update! In this edition, we’re breaking down the latest trends from across the housing market, with insights on everything from price fluctuations and inventory changes to regional updates. Whether you're buying, selling, or just staying informed, we’ve got the details you need to navigate the evolving market and make smart decisions.
June Financial Market News
- Home buyers could soon count Bitcoin and other cryptocurrencies as qualifying assets when applying for mortgages, making it easier to qualify or increase loan limits—though monthly payments would still need to be made in dollars.
- Job openings rose unexpectedly in May to 7.76 million, the highest level since November 2024, beating economist expectations of 7.3 million.
- Following President Trump’s targeted strike on Iran’s nuclear facilities, long-term U.S. Treasury Yields fell, which could ease mortgage rates slightly in the near term.
- Layoffs remain near historic lows, but hiring has significantly slowed to rates below pre-pandemic levels.
- The current annual inflation rate is 2.4% - still above the Fed's 2% target.
June National Housing Market News
- Pending national home sales rose 1.8% in May compared to April and 1.1% year-over-year, despite softening list prices and more seller price cuts. All four U.S. regions saw monthly increases, with annual gains in the Midwest (+2.6%) and South (+2%), while the Northeast (-0.5%) and West (-1.2%) saw declines.
- Mortgage rates eased slightly in June, prompted by a weaker consumer outlook and a “wait‑and‑see” Fed stance, offering modest relief to borrowers.
- The Senate confirmed Andrew Hughes as HUD’s Deputy Secretary. Both the NAR and MBA praised the decision, citing his experience as a strong asset in expanding access to homeownership, affordable housing, and rental opportunities.
- Fannie Mae’s June forecast expects mortgage rates to dip slightly, averaging 6.6% by Q3 and 6.5% by the end of 2025.
- A former Cold War missile silo in New York has been transformed into a luxurious home, featuring 3,000 sq. ft. of underground living space, an FAA-approved airstrip, and a 185-foot-deep silo that could be developed into a recreational area.
- Florida’s “Forgotten Coast” is gaining popularity among vacation home buyers. The area boasts a 77% second-to-primary home ratio and an average price over $1M, fueled by its natural beauty, outdoor lifestyle, and rising inventory.
June National Housing Trends
- Consumer confidence in the housing market is improving, with the Fannie Mae Home Purchase Sentiment Index rising from 69.2 to 73.5 in May—the highest level seen in 2025.
- 26% of respondents said it’s a good time to buy a home (the highest share since March 2022) as some buyers take advantage of slower sales and more price reductions.
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The most affordable states to buy in May were Louisiana, Connecticut, Alaska, New York, and Iowa, which had the lowest Purchase Applications Payment Index (PAPI) scores, meaning mortgage payments are more manageable compared to income.
- According to Zillow’s Market Heat Index, Rochester, Buffalo, and Syracuse, New York top the list of the 10 hottest housing markets where sellers currently have the most power right now.
- Painting remains one of the most cost-effective home upgrades with high ROI and wide buyer appeal. Experts recommend focusing on exterior touch-ups, kitchen cabinets, and neutralizing bold interior colors to boost value and first impressions.
- Nearly 38% of home buyers under 30 are using family gifts or inheritance to help with home purchases. With the median first-time buyer age still at 38 years old.
June Regional Housing Market News
Curious about how the housing market is shifting in your area? Here’s a closer look at the latest trends across different regions of the U.S. From price changes to inventory updates, we’ve got the insights you need to stay ahead in your local market.
Northeast Region Housing News:
- Existing-home sales in the Northeast rose 4.2% last month, with the median home price climbing 7.1% year-over-year to $513,300.
- Boston, Massachusetts had 2,741 homes for sale in May 2025, a 13.3% increase compared to April 2025.
- 58% of Q1 2025 sales in New York City were all-cash deals, with units priced above $3 million seeing 90% cash sales.
- Connecticut's Hartford metro housing prices are expected to jump 5.9% in 2025; the second-highest gain nationwide.
Midwest Region Housing News:
- The Midwest saw the strongest quarterly price gains up 3.3% for Q2 2025, with annual home price growth of 5.4%.
- A Chicago developer is transforming the landmark 1927 Pittsfield Building (a mostly vacant former medical office) into 228 apartments, preserving its historic architectural details while adding modern amenities.
- The Ohio Housing Finance Agency (OHFA) approved financing for seven new developments, boosting affordable housing in cities like Columbus and Reynoldsburg with a combined 224 family units.
- The median home price in Michigan is $284,800, while inventory nudged up 7.3%, and median time on the market is 23 days.
Texas Housing News:
- A recent Realtor.com report ranks Austin as the top U.S. market for new listings, with inventory up 13.2% year-over-year.
- The Dallas–Fort Worth metro had a median home price of $440,000 in May, down 3.2% year-over-year, with new listings up 12.1% and 27% of homes receiving price cuts.
- Austin remains buyer-friendly: 29.2% of listings had price cuts, new listings are up 13.2% year-over-year, inventory surged 60% above pre-pandemic levels, and median prices dropped over 6% in May.
Southeast Region Housing News:
- North Carolina lawmakers are considering Senate Bill 378 to reform HOAs by limiting fines, requiring hearings before fines, extending foreclosure timelines, and increasing transparency in management contracts.
- Zillow’s Market Heat Index shows Macon, Georgia; Jackson, Tennessee; and Brownsville, Texas among the 10 markets where buyers currently have the most leverage.
- Florida’s housing market is shifting toward a buyer’s market with more homes for sale and falling prices. In May 2025, the median list price statewide was $439,999, down about 2.2% year-over-year.
Southwest Region Housing News:
- According to a new Redfin analysis, the median age of homes sold in Provo, Utah was just six years in 2024, compared to a national average of 36 years, highlighting a surge of new construction in the area.
- Phoenix, Arizona remains one of the country’s most buyer-friendly markets with 31.3% of listings seeing price cuts in May, and active inventory rose 23.1% year-over-year.
- Nevada lawmakers set aside $133 million for middle-income housing development and enacted temporary rent protections for seniors, tackling affordability statewide.
Pacific Northwest Housing News:
- In May, 35% of homes in Washington sold above list price, while price cut rates rose to 33.5%, signaling a more balanced market.
- Washington’s Yakima ranks fourth most affordable on the West Coast, with a median home price of $282,000 and rent around $1,183 (nearly half the cost of Seattle-area housing).
- As pools decline in national popularity due to high maintenance costs, Seattleers who skipped the pool craze are seeing better long‑term value.
California Housing News:
- Oakland, California has seen one of the sharpest home-price drops nationwide, with median prices down 6.7% year-over-year—a sign that well-priced listings are finally gaining traction.
- 26% of Californians now believe it's a good time to buy (the highest level since February 2022) as homes become more competitively priced and more available.
- The newly opened “Felix” luxury complex launches Santa Rosa's downtown densification effort, aiming for 7,000 new units by 2040 to boost housing supply.
- Starting June 1st, California homeowners with State Farm® face significant rate hikes, with condo and renters coverage up 15–38%, reflecting ongoing wildfire and cost pressures.
Be sure to check back next month for our updated insights and trends to keep you informed on the latest developments. In the meantime, if you’re thinking about buying, selling, or refinancing, our Home Loan Specialists are always ready to help you make the right move.
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