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

[walterjay]

Just got my property tax assesment in the mail recently. I know my home value is going up

 

[altaylar]

A good buying demand is waiting for what seems to be an imminent FED rate cut.

 

[4WD]

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.

Even with more bad neighborhoods available …

 

[loneryder]

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

A report came out the other day that around 22k govt. jobs have been lost in the DC area. House prices in NoVa have not dropped. People are waiting for house prices to drop with all these announced layoffs but it hasn't happened yet.

 

[Zee09]

Cut the rate and they'll crank up the housing costs as usual. Nobody wins. Seniors get screwed on their interest and young people still can't get into a new house.

 

[Zee09]

Just got my property tax assesment in the mail recently. I know my home value is going up

The rich get richer

 

[walterjay]

The rich get richer

Yup

 

[nickaluch]

In my county average home price just went over $800k. Reason why suburb of the biggest city in the USA with no empty land to build on with extremely low crime

 

[edyvw]

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 won't buy it. They will rent. Screw property tax, insurance, mortgage, then I have to sell. They will just rent and call it a day.
Also, there is a lot of talk about "good ole days." How in the 50s everyone could have a home. I cannot remember when I saw home that is 1100-1200sq ft. I think in 1950's average home was 900+ sq ft.
Now, everything is 3000+ sq ft. I mean, it costs money to build it.

 

[JeffKeryk]

They won't buy it. They will rent. Screw property tax, insurance, mortgage, then I have to sell. They will just rent and call it a day.
Also, there is a lot of talk about "good ole days." How in the 50s everyone could have a home. I cannot remember when I saw home that is 1100-1200sq ft. I think in 1950's average home was 900+ sq ft.
Now, everything is 3000+ sq ft. I mean, it costs money to build it.

I hate renting; it is paying someone else's mortgage. And having a home free and clear is really great. You ain't gonna work forever.
I understand buying, especially around here, is easier said than done.

 

[Sam_Julier]

I hate renting; it is paying someone else's mortgage. And having a home free and clear is really great. You ain't gonna work forever.
I understand buying, especially around here, is easier said than done.

Owning your home without debt is a beautiful thing.

 

[Sam_Julier]

Tomorrow close on our first new home in 40 1/2 years. We made sure to have cash on hand for a cash purchase. It helped that there was only one owner for 53 years who couldn’t keep up with the maintenance. We were able to get a significant decrease in the price based on the work required.

Still, being able to offer cash and move quickly made a big difference.