Episode Details
Back to Episodes
Housing Market Holds Steady Amid Rate Pressure | Real Estate News
Description
Housing market slows in June but still beats last year—sales dip 2.4% month-over-month, inventory falls, and rates hover near 6.5%, chilling buyer confidence. Yet, luxury homes over $1M surge 18% YoY, spotlighting affordability as the real hurdle. Mortgage applications drop 2.2% as rates creep up to 6.68%, but pending sales jump 1.3% weekly and 6.3% YoY—their highest since early May—hinting at hidden momentum. Sellers may soon flood the market, betting on this resilient demand.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/423d64cba206d0ff