Houtan HormozianExpert on Real Estate, Finance and PropTech

2025 Housing Market Economic Update First-Time Buyers, Job Growth Government Shutdown Impact

11 Nov 2025 · 1 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "2025 Housing Market Economic Update First-Time Buyers, Job Growth Government Shutdown Impact" (created 2025-11-11) containing a single-speaker market and economic update. The speaker summarizes NAR's 2025 Profile of Homebuyers and Sellers (median age of first-time buyers 40; median down payment 10%), recent mortgage activity (refinance apps down 3%, purchase apps down 1%), rising contract cancellations (~15% in September), Supreme Court hearings on Trump's tariffs affecting markets, ADP-reported stronger-than-expected job growth (making a December Fed rate cut less likely), and estimates that the ongoing government shutdown is costing the economy $10–30 billion per week. The segment ends with calls to comment, like, and visit the website.

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Here's your quick market insight. According to the National Association of Realtors, or NAR, the 2025 Profile of Homebuyers and Sellers shows the median age of first-time buyers is now 40, with a median down payment of 10%. Because of last week's changes in mortgage rates, refinance applications fell 3% and purchase applications slipped 1%. More buyers are walking away from deals due to high home prices, inspection problems, and job concerns, with contract cancellations hitting around 15% in September. September. In economic news, Supreme Court justices questioned the legality of Trump's tariffs during hearings this week, which caused some movement in the markets. Meanwhile, Automatic Data Processing, or ADP, reported stronger-than-expected job growth. This strong labor market makes a December Federal Reserve rate cut less likely. And the government shutdown, now the longest in history, is estimated to be costing the economy between $10 billion and $30 billion each week. Thoughts on this update? Comment below. Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.