Home Listings Rise, But Mortgage Rates, Price Hold Buyers Back -- Market Talk

Dow Jones

Jun 05, 2025

1022 ET - New listings of U.S. homes for sale rose 6.3% year-over-year during the four weeks ending June 1, Redfin says. That's one of the smallest increases of the last three months. The biggest drops were in San Jose, CA. and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. On the buying side, pending home sales declined 0.4% year-over-year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week-over-week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year-over-year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is seen as unpredictable by some. The typical home now sells for about 1% less than its asking price. (chris.wack@wsj.com)

(END) Dow Jones Newswires

June 05, 2025 10:22 ET (14:22 GMT)

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That's one of the smallest increases of the last three months. The biggest drops were in San Jose, CA. and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. On the buying side, pending home sales declined 0.4% year-over-year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week-over-week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year-over-year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is seen as unpredictable by some. The typical home now sells for about 1% less than its asking price. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 05, 2025 10:22 ET (14:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Home Listings Rise, But Mortgage Rates, Price Hold Buyers Back -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHome Listings Rise, But Mortgage Rates, Price Hold Buyers Back -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-05 22:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1022 ET - New listings of U.S. homes for sale rose 6.3% year-over-year during the four weeks ending June 1, Redfin says. That's one of the smallest increases of the last three months. The biggest drops were in San Jose, CA. and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. On the buying side, pending home sales declined 0.4% year-over-year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week-over-week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year-over-year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is seen as unpredictable by some. The typical home now sells for about 1% less than its asking price. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RDFN":"Redfin Corp","BK4079":"房地产服务","BK4548":"巴美列捷福持仓","BK4195":"互助储蓄与抵押信贷金融服务","CFA.SI":"NikkoAM-STC Asia REIT","HBCP":"Home Bancorp Inc","BK4211":"区域性银行"},"translate_title":"房屋挂牌量增加，但抵押贷款利率和价格阻碍了买家——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HBCP":1,"RDFN":0.9,"CFA.SI":1},"content_text":"1022 ET - New listings of U.S. homes for sale rose 6.3% year-over-year during the four weeks ending June 1, Redfin says. That's one of the smallest increases of the last three months. The biggest drops were in San Jose, CA. and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach. On the buying side, pending home sales declined 0.4% year-over-year to their lowest May level since 2020, and mortgage-purchase applications fell 3% week-over-week. Prospective buyers are backing off because housing costs are near record highs, with the median home-sale price up 1.2% year-over-year and the weekly average mortgage rate approaching 7%, and because the U.S. economy is seen as unpredictable by some. The typical home now sells for about 1% less than its asking price. (chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 05, 2025 10:22 ET (14:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}