Courtesy – Homes.com
The nation is halfway through 2025 — a year that was slated to offer lower mortgage rates, subdued home prices and more properties for sale. Some of those predictions have come to pass. Still, experts watching the housing market closely say U.S. economic uncertainty has bogged down what should have been months of hyperactive homebuying and selling.
Mortgage rates have flirted with 7% all year, a trend economists blame for why more buyers haven’t closed on a property. Rates will likely move depending on how — or whether — the Federal Reserve tweaks its benchmark rate. Meanwhile, median home sale prices are still rising — just not as much in big cities.
There is a silver lining: As Americans grapple with a nationwide housing shortage, inventory is rising for new and existing properties. That means homebuyers, depending on where they’re looking to move, should have a decent number of options once mortgage rates adjust to their liking, economists say.
Here’s a closer look at how mortgage rates, home prices and listing inventory have fared in the first six months — along with a taste of what experts expect for the rest of the year.
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