BiggerPockets Daily A Mid-Year Review of the Housing Market
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Jun 20, 2025 Home prices are cooling as inventory levels bounce back to pre-pandemic figures and buyer demand softens. Notably, nearly 40% of listings have undergone price cuts. While some Sun Belt states face declines, national prices remain steady. The 'lock-in effect' from low-rate homeowners is limiting significant drops. This discussion emphasizes strategic insights for navigating the evolving market landscape and highlights potential investment opportunities in the changing housing market.
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Inventory Returns to Pre-Pandemic Levels
- Housing inventory has returned to pre-pandemic levels with a 32% year-over-year increase.
- This rise dampens price growth, especially in hot Sun Belt markets like Florida and Texas.
Price Growth Stalls Nationally
- Home price growth has largely stalled nationally with a slight 0.55% annual increase.
- Some states like Hawaii, Arizona, Texas, and Florida are experiencing year-over-year price declines.
Demand Softens Amid Economic Concerns
- Higher mortgage rates and economic uncertainty have reduced housing demand.
- Many potential buyers hesitate to buy at perceived market peaks to avoid losses.