Housing Market Update and Economic News: September 26, 2025

Housing Trends

New-Home Sales Reach Multi-Year High
August sales of newly built homes climbed to their strongest level in three and a half years, fueled by lower mortgage rates and incentives from builders.

Prices Continue Upward Trend
According to NAR, the national median home price rose to $422,600 in August, a 2% increase from a year earlier. This marked the 26th straight month of year-over-year gains.

Existing Sales Hold Flat
Resales of existing homes showed no change from July. Properties spent more time on the market—averaging 31 days—while available supply slipped by 1.3%.

Economic Update

Growth Accelerates
The U.S. economy expanded at its fastest pace in nearly two years last quarter, boosted by stronger consumer spending after revisions.

Jobless Claims Decline
Initial unemployment claims fell to their lowest point since mid-July, underscoring employers’ reluctance to reduce staff.

Tariffs Squeeze Margins
Many businesses report higher costs from tariffs. Weak demand, however, limits their ability to pass those costs on to customers, creating tighter profit margins.

Quote of the Week

“Real estate cannot be lost or stolen, nor can it be carried away. Managed with reasonable care, it is about the safest investment in the world.”
— Franklin D. Roosevelt

Whether you’re buying, building, or advising, staying informed is key to making confident decisions. At Thompson Kane, we’re here to help you navigate today’s shifting housing and economic environment with insight and care tailored to your unique goals.