Houtan HormozianExpert on Real Estate, Finance and PropTech

Mortgage Demand Rises but Homeowners Stay Put July 2025 Market Update

15 Jul 2025 · 1 min

Watch on YouTube

1:15

This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "Mortgage Demand Rises but Homeowners Stay Put July 2025 Market Update" (published 2025-07-15). It features a single presenter (labelled SPEAKER A) delivering a short market update on U.S. housing and macro data: purchase mortgage applications rose 9% week-over-week and are 25% higher year-over-year; only 3.1% of homeowners moved in 2024 (lowest rate recorded, 24% below pre-pandemic norms) citing Harvard's Joint Center for Housing Studies; the National Association of Realtors achieved wins in H.R. 1 (permanent mortgage interest deduction and a temporary SALT cap boost); a Fed survey showed consumers expect ~3% inflation in a year; stronger-than-expected jobs data made a July Fed rate cut unlikely; continuing unemployment claims reached their highest level since November 2021. The clip closes with a call-to-action asking viewers to like, tag a friend, or contact the presenter via the website.

Chapters

A quick market insights: Purchase mortgage applications jumped 9% this week and are now 25% higher than they were at this time last year. Meanwhile, only 3.1% of homeowners moved in 2024, the lowest rate ever recorded and 24% below pre-pandemic norms, according to Harvard's Joint Center for Housing Studies. The National Association of Realtors is also celebrating key wins in H.R. 1, Including a permanent mortgage interest deduction and a temporary boost to the state and local taxes deduction cap. In a recent Fed survey, consumers said they expect inflation to be around 3% a year from now, a drop from previous expectations and back to levels seen before tariffs were introduced. Meanwhile, stronger-than-expected job numbers last week surprised the markets and made a July rate cut by the Fed unlikely. On the flip side, continuing unemployment claims, which reflect the number of people still receiving benefits, hit their highest level since November 2021. Found this helpful? Please like our post and tag a friend. Contact us through our website or message us right here.