Thompson Kane's mortgage experts stay ahead of shifting housing market trends so you don’t have…
Housing Market Update and Economic News: September 12, 2025
Thompson Kane’s mortgage experts stay ahead of shifting housing market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates.
Housing Trends
Mortgage Applications Gain Momentum
Falling rates encouraged more buyers to act, with purchase applications up 7% for the week and 23% higher than last year.
Affordability Shows Signs of Relief
ICE’s September Mortgage Monitor reports that buyers now spend 31.1% of their median income on housing, down from the 35.2% peak seen in October 2023.
Consumer Confidence Slips
Fannie Mae’s August survey revealed households feel less optimistic about housing due to job concerns, slower sales conditions, and uncertainty about future home prices.
Economic Update
Inflation Quickens
Consumer prices rose 2.9% year over year in August—the fastest pace since January—driven primarily by tariffs impacting costs.
Wholesale Inflation Cools
Producer prices slowed in August after a sharp July jump. The weaker-than-expected reading strengthens the case for potential Fed rate cuts.
Jobless Claims Hit Four-Year High
Unemployment filings climbed to their highest level since 2020, pointing to rising layoffs and weaker hiring trends.
Quote of the Week
“Real estate is the closest thing to a perpetual motion machine for wealth.”
— Brian Tracy
Whether you’re purchasing, refinancing, or advising clients, staying current with housing and economic changes helps you make informed decisions. At Thompson Kane, we provide the guidance and insights you need to move forward with confidence.
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