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Cooling Prices, Rising Inventory, and What's Next

  • Mortgage Returns
  • Aug 12
  • 1 min read

Updated: Aug 13

Buyer activity rises as prices ease and supply climbs.

Market Perspective: Fast Facts About the Housing Market. Cooling Prices, Rising Inventory, and What's Next

Home prices are cooling. Annual home price growth slowed to 1% in July, down from ~3% at the beginning of the year. Inventory is climbing. Mortgage rates dip after soft jobs report. July employment data: Jobs added in July: 73,000 (vs. 100,000 forecast). Previous months revised downward (down 258,000 jobs). Unemployment rate: 4.2%. Wage growth: up 3.9% Year over Year. Looking ahead: A September fed rate cut is now more likely. 30-year mortgage rate could reach 6.3% by early 2026. Despite slower home sales, buyer activity is rising.

Sources:

  1. ICE Mortgage Monitor, August 2025.
  2. Realtor.com, July 2025 Monthly Housing Market Trends Report, July 31, 2025.
  3. Freddie Mac Primary Mortgage Market Survey, August 7, 2025.
  4. U.S. Bureau of Labor Statistics, Employment Situation Summary, July 2025.

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