Real Estate News 06/25/2025

Today’s News Synopsis:

In The News:

FOX 5 – “California housing market sputters for third straight month in May as home sales and prices pull back, C.A.R. reports” (06-18-25)

“Existing, single-family home sales totaled 254,190 in May on a seasonally adjusted annualized rate, down 5.1 percent from 267,710 in April and down 4.0 percent from 264,850 in May 2024.“

CNBC – “May home sales increase very slightly, but prices hit another record high” (06-23-2025)

“There were 1.54 million housing units available at the end of May, an increase of over 20% from May of last year.”

Bloomberg – “US Renters Face Storm of Rising Costs“ (06-24-25)

“A building boom has helped slow rent increases. But affordable apartments remain scarce, and higher energy costs and cuts to housing aid further cloud the forecast”

Redfin – “6% of Today’s Home Sellers Are At Risk of Selling at a Loss. That’s Up From 4.4% a Year Ago, But Still Historically Low.“ (06-24-25)

“Nearly 6% of today’s U.S. home sellers are at risk of selling for less than their purchase price, up from 4.4% a year ago, but still well below pre-pandemic levels.”