Houtan HormozianExpert on Real Estate, Finance and PropTech

Quick Market Insight Housing Slowdown Economy Shifts Crestico

9 Sept 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 "Quick Market Insight Housing Slowdown Economy Shifts Crestico" (posted September 9, 2025). It contains a short market commentary by a single narrator summarizing recent housing and economic indicators: slight rise in spending on new single-family homes but overall construction slowdown, increased deal fall-throughs, weekly mortgage purchase applications down 6% (but 17% higher year-over-year), refinance applications up 1% (20% higher YoY), Fed Beige Book noting flat activity and hiring, tariffs pressuring businesses/consumers, a sharp drop in job openings (~7 million), and declining factory orders driven by reduced aircraft sales. The clip ends with a call-to-action to comment, like, tag a friend, message, or visit the website.

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Here's your quick market insight. Spending on new single-family homes in July saw a slight increase, but overall construction is slowing down because of high interest rates and growing inventories. More buyers are backing out of deals than we've seen in years, a clear sign of growing caution in the market. Mortgage applications to purchase a home fell 6% compared to last week, but they're still 17% higher than this time last year. Refinance applications also edged up 1% for the week and are now 20% higher than a year ago. On the broader economy, The Fed's Beige Book reports that both economic activity and hiring have mostly stayed flat in recent weeks. Tariffs are adding pressure on businesses and consumers, while job openings dropped sharply to just over 7 million in July, one of the lowest levels since the pandemic. This slowdown points to weakness in the labor market. Factory orders also declined, largely due to a steep drop in aircraft sales, but there was some good news as orders for other products rose more than expected. 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.