Market Snapshot: Favoring Buyers

Home Prices Reach Record Highs, But Buyer Power Is Growing

National home prices hit another all-time high, yet new listings are slowing and pending sales are dropping—signs that the market is shifting toward buyers in many regions

New-Home Sales Collapsing Amid Surging Supply

New single-family home sales dropped nearly 14% month-over-month in May, while for-sale inventory swelled to a 9.8‑month supply—indicating softer demand and more leverage for buyers. (businessinsider.com)

Cooling Price Growth & Market Caution

Home Price Gains Are Softening

April’s 2.7% annual price gain—the smallest in two years—and a 0.4% monthly dip suggest the housing market may be entering a sustained cooldown.

Zillow Forecasts Mild 2025 Declines

Zillow projects home values to dip about 1.4% this year, accompanied by increased sales activity—pointing to more balanced conditions.

Mortgage Rates & Financing Trends

Rates Drop Slightly; Fed Cut Anticipated

As of June 26, the 30‑year fixed mortgage rate edged down to 6.77%, a seven-week low, amid investor optimism about a July Fed rate cut.

“Nepo-Buyers” on the Rise

With affordability tight, about 38% of buyers under 30 are getting help from family—though climbing inventory offers hope for self-funded buyers too.

What It Means for You

Buyers:
You're gaining amid more supply and more negotiating power. Lock in mortgage rates now or consider waiting for a refinance opportunity later.

Sellers:
It’s no longer a guaranteed seller’s market. Homes must be priced right and marketed strategically to stand out.

Let’s Connect

Whether you’re ready to buy, sell, or just explore your options—we’re here to guide you with clarity, care, and confidence.

📅 Book a free consultation with our team today OR Schedule Your Appointment here: https://www.martyrodriguezteam.com/contact