Current Market Conditions

Written by Jim the Realtor

June 30, 2025

More on the market conditions being observed around the country:

JtR: I don’t see many buyer-agents showing properties at all. Open-house traffic is spotty at best and mostly lookers with casual interest. Homes are still selling but sales will likely slow the rest of the year, starting now. The NSDCC sales for June will be 10% to 15% fewer than last June.

https://x.com/newslambert/status/1939663963005788665?s=46

4 Comments

  1. Shadash

    No bailouts for “homeowners”

    It seems like Realtors have accepted that home prices likely wont be going up at least like they used to. The next phase is for homeowners to accept the same which will take a while. During this time they’ll burn equity looking to sell for the price they’ve defined in their head.

    For sellers when markets go down the first one to sell makes the most money. So cut price quickly, get out first, and hope prices dont go up again.

    For realtors theres a lot of equity floating around. This means sellers can wait out selling for a long time. Which translates to fewer commissions and further apart. To address this either get really good at convincing sellers to sell at lower prices. Or, if theres no equity brush up on short sales.

    Theres talk that Trump will can the chairman of the fed. If this happens it will take a 2%-3% rate cut to get the plates spinning again. (Like they were)

    If things stay on the current trajectory and prices start going down. Pressure will be on banks to start foreclosing again. Will they? Who knows.

    The one odd thing about all the changes Trump wants to implement is that theres no funding for local business startups defined. If you want to displace manufacturing in foreign countries there should also be a component of investing in local businesses to make that happen.

  2. Jim the Realtor

    Solid points, especially the last one – thanks Shadash!

  3. Old School

    The rules of the game have changed Shadash. Loan modifications for starters. If there are foreclosures they are now packaged up and sold (given) to private equity and credit firms. Sad, but true. No more onesies. Ask about the many dishonest realtors that formed LLCs to hide their names from 2008-14 and got the REO scraps left on the table by the big boys.

  4. Shadash

    Appreciate the solid info on package deal bank REOs. Makes sense.

    All this will do is prolong the impass between buyers and sellers. Hopefully banks will see that they can make more money on the onesies and twosies instead of selling in bulk.

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