Houtan HormozianExpert on Real Estate, Finance and PropTech

July 2025 Market Insights Mortgage Apps Up, Construction Slows, No Fed Rate Cut?

8 Jul 2025 · 1 min

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In this brief market‑insights update, the presenter highlights several recent U.S. economic data points. Construction spending fell in May as higher mortgage rates and an increased inventory of homes for sale slowed single‑family projects. A survey of baby‑boomers shows that 30% say they will never sell their homes and another 30% do not plan to sell within the next decade. Mortgage purchase applications edged up 0.1% week‑over‑week and are up roughly 16% year‑over‑year. The labor market remains strong: layoffs declined in May, job openings reached their highest level since the previous November, and the unemployment rate slipped to 4.1% in June with job growth exceeding expectations, making a July Federal Reserve rate cut unlikely. Exports declined in May, widening the trade deficit, though stronger domestic production could support Q2 growth. The video ends with a call to like, tag a friend, and contact the presenter via the website or direct message.

Chapters

A quick market insights. Construction spending dropped in May as higher mortgage rates and more homes on the market slowed single-family projects. A survey shows 30% of boomers say they'll never sell and another 30% don't plan to sell in the next 10 years. Mortgage purchase applications rose just 0.1% for the week but are up 16% compared to last year. Layoffs were down in May and job openings hit their highest level since November, showing a strong job market. The unemployment rate dropped to 4.1% in June, and job growth beat expectations, making a July Fed rate cut unlikely. Exports fell in May, increasing the trade deficit, but stronger domestic production could boost second-quarter growth. Found this helpful? Please like our post and tag a friend. Contact us through our website or message us right here.