Real Estate News 07/07/2025

Today’s News Synopsis:

In The News:

Reuters – “In July 4 ceremony, Trump signs tax and spending bill into law” (07-05-25)

“U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally.“

Realtor.com – “Multigenerational Homebuying Hits an All-Time High as Americans Battle Soaring Cost of Living” (07-06-2025)

“Older parents and their adult children are increasingly choosing to live together as Americans battle the cost of living, propelling multigenerational homebuying to a record high.”

CNBC – “Trump threatens extra 10% tariff on countries that align with ‘Anti-American’ BRICS policies“ (07-06-25)

“Trump’s announcement came as the BRICS bloc of developing countries is meeting in Rio de Janeiro.”

NAR – “Tackling Home Financing and Down Payment Misconceptions“ (06-30-25)

“Despite the current attention around buyers paying all-cash for homes, the majority of home buyers finance their home purchase. Among primary residence buyers, 74% percent financed their home purchase, a share that rises to 91% among first-time buyers. ”

Yahoo Finance – “July rate cut from Fed is ‘now completely off the table’ following solid jobs report” (07-03-25)

“The odds of a rate cut at the Federal Reserve’s next meeting evaporated after a resilient jobs report for June alleviated concerns about a slowing US economy.“