Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the rise in existing home sales in May, but new homes were a different story… Today’s article from the United States Census “Monthly New Residential Sales, May 2025” states new home sales fell 13.7% from April. Rich doesn’t find this surprising; we are right at the end of a quarter so we expect June to be better. This compares with new home starts which are down about 10%. We predict prices will rise next quarter with the extra tariffs hitting lumbar. Overall, inventory is not the issue, there’s more new and existing homes for sale. We just need more affordable interest rates for all those first-time homebuyers to be enticed to buy. Listen in as we discuss this and more!
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About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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