Real Estate News 07/23/2025

Today’s News Synopsis:

In The News:

Scotsman Guide – “Bipartisan legislation would make it easier to finance accessory dwelling units“ (07-21-25)

“The SUPPLY Act aims to establish government-backed funding for ADU construction“

NAR  – “NAR Existing-Home Sales Report Shows 2.7% Decrease in June” (07-23-2025)

“2.7% decrease in existing-home sales — seasonally adjusted annual rate of 3.93 million in June.”

Realtor.com – “Realtor.com Housing Forecast Midyear Update: Moderation Continues“ (07-21-25)

“The 2025 Housing Market Rebalances as Sales Steady, Price Growth Softens, and Market Power Shifts Toward Buyers”

Reuters – “US Treasury chief: No need for Fed’s Powell to step down right now“ (07-22-25)

“There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief’s legacy should be to right-size the central bank’s non-monetary policy functions.”

Yahoo Finance  – “Today’s housing market is so upside down there are more senior citizens buying homes than Gen Z and millennials” (07-23-2025)

“In 2024, there were more home buyers over the age of 70 in the U.S. than under the age of 35, data from the National Association of Realtors (NAR) shows.”