June 2025 Housing Market Update Home Sales Drop, Rate Cut Ahead?
In this brief market insights video, the presenter reports that new single-family home sales fell 13.7% in May and were down 6.3% year‑over‑year, both below the six‑month and one‑year averages. Pending home sales rebounded, rising 1.8% in May after a sharp April decline, supported by better inventory. Mortgage applications slipped 0.4% week‑over‑week but are up 11% compared with the same week last year. Consumer outlook on the economy and inflation improved in June as global trade tensions eased. Labor market data show new unemployment claims fell while continuing claims rose to 1.97 million, the highest level since November 2021. Some Federal Reserve members hinted a rate cut could occur as early as next month if inflation remains low. The video ends with a call to like, tag a friend, and contact the channel.
