Housing Market Update and Economic News: July 25, 2025

Housing Trends

Median Prices Reach New Peak
The median price for existing homes hit a record high of $435,300 in June—a 2% increase over last year. Most of the price growth came from the higher end of the market.

Existing Home Sales Continue to Decline
Sales of existing homes fell to their lowest level in nine months, as elevated mortgage rates and economic uncertainty continued to push potential buyers to the sidelines.

New Construction Faces Buyer Pushback
Despite builder discounts and incentives, new home sales fell short of expectations in June—highlighting persistent affordability concerns among buyers.

Economic Update

Jobless Claims Slide for Sixth Week
Initial unemployment claims dropped again, marking six straight weeks of decline. Ongoing claims held steady at 1.96 million, reflecting continued labor market strength.

Consumer Confidence Inches Up
Sentiment among consumers ticked upward in July, reaching its highest point since February. While inflation worries have eased, long-term price concerns remain.

Economic Signals Point to Slower Growth
Forward-looking indicators suggest the economy may cool in the second half of the year, with tariffs expected to contribute to rising costs across multiple sectors.

Quote of the Week

“The future belongs to those who prepare for it today.”
— Malcolm X

As the housing market shifts and economic signals evolve, planning ahead has never been more important. Whether you’re looking to buy, refinance, or simply understand your options, Thompson Kane is here to provide clear, expert guidance for your next move.