Housing Market Update and Economic News: August 8, 2025

Housing Trends

Housing Sector May Weigh on Broader Growth
Goldman Sachs analysts project that residential investment will shrink by 8% in the second half of 2025, potentially acting as a drag on U.S. economic momentum.

Purchase Applications Edge Up Again
Home loan application activity rose 1% last week and is now tracking 18% above the same week last year—an encouraging signal for buyer activity.

Realtor Confidence Holds Strong
Despite a challenging sales environment, nearly three-quarters of REALTORS® say they’re confident about remaining in the profession, reflecting the industry’s ongoing resilience.

Economic Update

Jobless Claims Signal Hiring Headwinds
Continuing unemployment filings just hit their highest level since late 2021, pointing to longer job searches and tighter hiring conditions.

Fed Rate Cut Bets Rise on Jobs Revision
Expectations for a September rate cut jumped sharply after the latest employment report revealed large downward revisions to previous months’ job numbers.

Service Sector Slows Amid Cost Spike
U.S. service industries showed little growth in July, with new orders stalling and hiring softening. Meanwhile, input costs jumped at the fastest pace in nearly three years.

Quote of the Week

“Doubt is not a pleasant condition, but certainty is absurd.”
— Voltaire

In times of change, insight matters more than ever. Whether you’re preparing to buy, refinance, or guide others through the process, Thompson Kane is here to help you stay informed, focused, and ready for what’s next.