Today’s News Synopsis:
Resale prices are down year-over-year in 53 of 150 tracked markets, while new home prices drop -1.5% as builders face growing unsold inventory.
In The News:
John Burns Research – “Home prices are falling in 35% of the country“ (08-05-25)
“Resale prices have risen in 65% of the country over the last year, so pay attention to local dynamics. For our clients, we produce 70-page reports and have user-friendly dashboards with just about every stat we can think of on 100+ metro areas every month.“
CNBC – “Student loan borrowers face new challenges trying to get Public Service Loan Forgiveness” (08-06-2025)
“Borrowers pursuing Public Service Loan Forgiveness are hitting walls trying to access the relief, and the Trump administration wants to limit eligibility.”
Realtor.com – “Housing Market Cools Nationally—but Regional Realities Tell a Different Story“ (08-01-25)
“The housing market is entering the second half of the year under a complex mix of economic signals, with homebuyers and sellers alike facing diverging trends depending on where they live.”
Redfin – “Homebuying Affordability Is Improving in These 11 Places“ (08-06-25)
“Nationwide, the typical homebuyer needs to earn $112,131 per year to afford the median priced home—roughly $25,000 more than the typical household makes.”
NAR – “NAR Joins America’s Housing Comeback Initiative” (08-07-2025)
“Coalition will bring national attention to what’s working at the state and local level to address housing supply and affordability.”
California Real Estate Investor Events
Bruce Norris will be the keynote speaker at the Fliphacking event in San Diego on Tuesday, Oct 12.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2023 on Friday, October 27.
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