Author: Brad Beckett

According to ATTOM’s Mid-Year 2025 U.S. Foreclosure Market Report, there were a total of 187,659 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions)  in the first six months of 2025.  That figure is up 5.8% from one year ago and up 1.1% from the same time period two years ago.  States with the greatest increases in foreclosure activity included Alaska (up 55%); Rhode Island (up 51%); Wyoming (up 46%); Utah (up 46%); and Colorado (up 41%). “Foreclosure activity continued its upward trend in the first half of 2025, with increases in both starts and completed foreclosures…

The U.S. Government is reporting that sales of new single-family houses in June, 2025 were at a seasonally adjusted annual rate of 627k, which is 0.6% higher than May’s revised rate but is 6.6% lower than one year ago.  The median sales price of new houses sold in June was $401,800 with an average sales price of $501,500.  There were an estimated 511k new houses for sale at the end of June representing an 9.8-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.

The National Association of Realtors is reporting that existing home sales were down 2.7% in June, 2025 to a seasonally-adjusted annual rate of 3.93 million.  Total housing inventory at the end of June was 1.53 million units, down 0.6% from May and up 15.9% from one year ago.  Unsold inventory sits at a 4.7-month supply at the current sales rate with properties remaining on the market for around 27 days.  The median existing-home price for all housing types in June was $435,300 – a record high.  The NAR says under-supply is driving record high prices. “Multiple years of undersupply are…

Once again, we’re seeing migration from high-tax states to lower tax, lower regulation states – only this time it’s corporate headquarters and not just people.  Today’s graphic from the Visual Capitalist illustrates those cities with new corporate headquarters location as well as those places losing them.  As always, stay safe and have a Happy Friday!! Hat tip to the Visual Capitalist.

According to the latest Yardi Matrix Multifamily Report, multifamily rents posted gains in June, 2025 with the average U.S. advertised rent increasing $3 to $1,749. Year-over-year rent growth was 0.9%.  Yardi says growth remains tepid as the market balances between robust demand and supply while economic uncertainty is high: Multifamily performance remained solid through mid-year 2025, with rents rising by $20, or 1.2%, over the first two quarters. While demand remains healthy, rent growth is muted by economic uncertainty and rapid supply growth in many markets. Click here to read the full report at Yardi.

New England dominated the list of America’s hottest housing markets in June, according to Realtor.com.  They say homebuyers in the NE region aren’t backing down, even as prices continue to climb and inventory becomes increasingly tight.  The report says it’s not just about affordability – it’s about proximity, lifestyle, and long-term value. While high prices might be giving some buyers pause, the numbers show that demand in the Northeast remains strong, especially in midsize metros that offer a balance of suburban charm and city access. Click here to read the full story at Realtor.com

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. “One of the key problems for consumers over the last few year has been the high cost of housing. Since 2020 the average home costs 50 percent more and the average rent (pulled up by those high home prices) is 30 percent higher.” Click here for more information about Local Market Monitor.

Citing MLS data, a recent report from Redfin says condo prices are falling because there are roughly 80% more condo sellers than buyers in the market.  They point out that the only time condo prices posted a larger year-over-year decline was back in April, 2023.   Condo sales were down 11.9% in May – the largest decline since June, 2024.  In addition, the report says many condo owners are trying to offload their properties because of higher HOA fees and insurance costs as well as special assessments. “It’s a slow housing market across the board, but condos have been hit particularly…

According to the latest ICE Mortgage Monitor, the national delinquency rate ticked down 2 basis points (bps) to 3.20% in May, though it is up 5.2% (16 bps) year over year.  Serious delinquencies (loans 90+ days past due but not in foreclosure) improved seasonally for the 5th consecutive month but are still up 56k (14%) from the same time last year.  However, the 3rd consecutive month, foreclosure starts, active foreclosure and foreclosure sales rose on an annual basis as VA foreclosure resumptions continue to make their way through the pipeline. In addition, the U.S. Department of Education resumed collections efforts…

The U.S. government is reporting that privately‐owned housing starts in June, 2025 were at a seasonally adjusted annual rate of 1,321,000, which is 4.6% higher than May’s revised number but is 0.5% lower than one year ago.  June’s rate for buildings with five units or more was 414k.  Privately‐owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,397,000, which is 0.2% higher than May’s revised number and is 4.4% lower than one year ago.  Authorizations of units in buildings with five units or more were at a rate of 478 in June.…