NPR reports US home prices hit all time high in June 2025

[GON]

NPR reports U.S. single family home prices hit an all time high in June 2025.

Sales are down, but prices continue to inch up off their already record highs.

In my neighborhood, where home sales have a very high turnover annually in the spring, homes went under contract this spring in under 48 hours after being listed. Four homes in the subdivision did not go under contract, and the homes not under contract have flaws. Buyers no longer have to pay record high housing prices for a home with flaws.

https://www.npr.org/2025/07/26/nx-s1-5478757/home-price-record-mortgage-rates

 

[rstcso]

Depends on where you live. Homes around here that had been selling as soon as they came on the market, and considerably over asking price, are now sitting for months with several reductions in asking price. I have a route where I take the dogs for a walk each morning. There are two homes that have been for sale for over three months, and their asking prices are not out of line for our area.

Should the Federal Reserve lower interest rates, we're going to see sales skyrocket.

I'm not convinced NPR doesn't have a bit of an agenda when it does its reporting. For a system based on commissions off sales, it's in their best interest for the average home-buyer to believe prices are not stagnant. Again, the data depends on geographic location.

 

[MrHorspwer]

Depends on where you live.

Know how I know you didn't read the article?

There is literally a section in the article titled "Home prices aren't up everywhere" and talks about Central Texas (Austin) as being one of those locations.

You wrote an entire paragraph supporting exactly what the article stated, then questioned NPR about having an "agenda"?

Give me a break. Read (and maybe think a bit) before you type.

 

[rstcso]

Give me a break. Read (and maybe think a bit) before you type.

@GON starts off saying:

NPR reports U.S. single family home prices hit an all time high in June 2025. Sales are down, but prices continue to inch up off their already record highs. He then talks about in his area. Then posts a link.

If I was supposed to have responded only to data found in the link, these other statements would not be necessary, just the link. Thank you for your kind words.

 

[cptbarkey]

I'm not convinced NPR doesn't have a bit of an agenda when it does its reporting.

Hogwash.

Source: National Association of Realtors

There is your lying source of agenda if there ever was one.

 

[Cujet]

I've been looking at places in TN for years now. I do see some 'reduced' pricing on some homes. However, the overall price per square foot is not dropping. Sure, TN is a hotspot, and is being flooded with out of state folks looking to get away from the big city.

My home in Jupiter Farms, FL seems to be holding value, when compared to the asking prices of nearby homes.

 

[AZjeff]

Home prices here in our development are off the local record highs of 2 years ago and the average time on market was around 50 days last I looked. So more normal. Prices are still high and sellers aren't willing to move much. A nearby property that went on market last September finally sold last month because the sellers wanted the long past high price. A property 3 doors up recently sold in under a month to a cash offer $30k under asking because the sellers need to move.

I only track our large development as we walk the dogs all over twice a day and we saw prices come down then stabilize and the time on market get longer. For some reason right now there are more properties for sale in our neighborhood than any time in the 7 years we've been here, 3 on our 600 foot street with 23 houses.

@GON, what flaws are preventing homes from selling in days at your location?

 

[CKN]

I am not sure with any news organization reporting on home sales how much agenda there is and if they do what are the affects?

This is a great world we Iive in. If you don't agree or your experience is different that what's being reported-you just use the word "agenda" to discredit the news organization or what's being reported.

Even a thread on home sales can be controversial.

 

[Pablo]

Prices will drop - there is always lag.

 

[CKN]

Prices will drop - there is always lag.

Prices may drop-some. But a $400,000 home is not becoming a $300,000 one. The fundamentals just are not there for that.

 

[Pablo]

I am not sure with any news organization reporting on home sales how much agenda there is and if they do what are the affects?

This is a great world we Iive in. If you don't agree or your experience is different that what's being reported-you just use the word "agenda" to discredit the news organization or what's being reported.

Even a thread on home sales can be controversial.

Happens both ways bro.

I like Ground News on my phone

 

[Pablo]

Prices may drop-some. But a $400,000 home is not becoming a $300,000 one. The fundamentals just are not there for that.

Truth.

Waiting game for rates going down as well keeps prices stuck/elevated

Way way way more inventory than the last 5+ years

We are wanting to pay cash so bring on the buyers market!

 

[ATex7239]

I’m seeing a cooling. We are planing to move in a few years and seeing some price reductions in the area as well as listings sitting longer than usual.

 

[edyvw]

Depends on where you live. Homes around here that had been selling as soon as they came on the market, and considerably over asking price, are now sitting for months with several reductions in asking price. I have a route where I take the dogs for a walk each morning. There are two homes that have been for sale for over three months, and their asking prices are not out of line for our area.

Should the Federal Reserve lower interest rates, we're going to see sales skyrocket.

I'm not convinced NPR doesn't have a bit of an agenda when it does its reporting. For a system based on commissions off sales, it's in their best interest for the average home-buyer to believe prices are not stagnant. Again, the data depends on geographic location.

The article literally addresses all your concerns.
Interest rates won't solve the price problem; on the contrary, they will drive prices up. Let's not forget that the only reason we are talking about "high" interest rates is bcs. we had unprecedented interest rates during COVID. On average, over the last 30 years, interest rates have been exactly where they are today. In 90's during the economic boom, they were above 8%.
The article touches on the core of the problem: the haves and the have-nots's. There is a huge discrepancy in wealth, and many are priced out of the market, while some can afford 3-4 houses. Just visit ski resorts here and take a look at what is happening. Locals are priced out, while hedge fund managers are buying their 4th home. That is driving prices up dramatically and contributing to these statistics.
Then you have areas where things slowed down (Austin) or took a dramatic downturn (Florida), but we are talking median price in the nation.

As for people sitting on homes not willing to budge, I see that here. They bought homes with the idea that they will make huge equity. Now, they don't want to settle for something less than what they envisioned when they bought their home. The real problem is that their paycheck cannot afford a similarly sized home elsewhere. It is really complex issue. Recently I have read an article (It is behind paywall) that might be contributing to this problem too. Atlanta, Phoenix, and Dallas are no longer a "relief valve" they once were. People would move there bcs. they were priced out of California. The problem is that the regulatory environment today in Phoenix and Miami is worse than Boston! The homes were cheap and were built fast because, as a builder from Phoenix said, "I could draw a plan on a napkin, and it would be approved; now I have to wait 2 years." That drove prices in areas that were always priced modestly. So, here we are.

 

[4WD]

The article literally addresses all your concerns.
Interest rates won't solve the price problem; on the contrary, they will drive prices up. Let's not forget that the only reason we are talking about "high" interest rates is bcs. we had unprecedented interest rates during COVID. On average, over the last 30 years, interest rates have been exactly where they are today. In 90's during the economic boom, they were above 8%.
The article touches on the core of the problem: the haves and the have-nots's. There is a huge discrepancy in wealth, and many are priced out of the market, while some can afford 3-4 houses. Just visit ski resorts here and take a look at what is happening. Locals are priced out, while hedge fund managers are buying their 4th home. That is driving prices up dramatically and contributing to these statistics.
Then you have areas where things slowed down (Austin) or took a dramatic downturn (Florida), but we are talking median price in the nation.

As for people sitting on homes not willing to budge, I see that here. They bought homes with the idea that they will make huge equity. Now, they don't want to settle for something less than what they envisioned when they bought their home. The real problem is that their paycheck cannot afford a similarly sized home elsewhere. It is really complex issue. Recently I have read an article (It is behind paywall) that might be contributing to this problem too. Atlanta, Phoenix, and Dallas are no longer a "relief valve" they once were. People would move there bcs. they were priced out of California. The problem is that the regulatory environment today in Phoenix and Miami is worse than Boston! The homes were cheap and were built fast because, as a builder from Phoenix said, "I could draw a plan on a napkin, and it would be approved; now I have to wait 2 years." That drove prices in areas that were always priced modestly. So, here we are.

Yep, and pretty high numbers that when they realize what’s happening - they upgrade what they have …

 

[JeffKeryk]

I am not sure what young people will do in the high value areas, which is where the good jobs are. It is nice to know I have crazy equity, but others need a place to live. I have worked with others in 4 purchases over the past couple of years.

Just my 2 cents...

 

[Dave Hess]

I am not sure what young people will do in the high value areas, which is where the good jobs are. It is nice to know I have crazy equity, but others need a place to live. I have worked with others in 4 purchases over the past couple of years.

Just my 2 cents...

They ask the bank of mom and dad for help buying a house.

 

[JeffKeryk]

They ask the bank of mom and dad for help buying a house.

Yup. Or their friends, who may be able to help. What's a poor boy to do?

 

[Dave Hess]

Many younger folks have given up on the hope of even buying a starter home in a bad neighborhood.

Thanks to Fed / Gov destroying housing for generations of young adults.

 

[RhondaHonda]

My brother is 10 years younger, in his early 30s and has been a renter since college. He makes a good salary and could afford to buy but is content renting. He doesn’t want to do maintenance or be responsible for homeownership. He can rent a place for much less than he could purchase it for. If he ever buys it will probably be a condo but I could see him renting for life.