Housing market trends
Keep your finger on the pulse of the housing industry.
By the numbers
The data shown in By the numbers is current as of June 3, 2025.
Mortgage minute with John Hummel
U.S. Bank Executive Vice President, Head of Retail Home Lending
U.S. Bank remains committed to helping homebuyers achieve their goals despite persistent market challenges. Encouragingly, robust demand and an uptick in new loan volume during the spring season signaled resilience in the housing sector amid a gloomy economic outlook due to tariff-related uncertainties.
Regardless of market constraints, buyers are still on the move. Hummel emphasizes that each client’s situation is different. Life events, growing families, downsizing and other outside factors mean waiting for rates to drop isn’t always an option. U.S. Bank mortgage loan officers take an individualized, consultative approach to understand the reasons behind a client’s move and help them navigate next steps based on their unique needs.
Hummel reminds real estate agents that, now more than ever, aligning your clients with a mortgage loan officer early in the process can be a gamechanger. “Most homebuyers are not aware of all their financing options. From Housing Finance Authority (HFA) programs for first-time buyers who may require down payment assistance to portfolio offerings geared toward helping buyers with more unique long-term investment needs, we can help.” he said.
U.S. Bank mortgage loan officers are uniquely equipped to deliver these options. In terms of affordable lending, Hummel specifically highlights our robust product offerings, expansive HFA relationships and our American Dream home loan now available in 31 states as key tools for helping clients succeed.
Hummel said, “Whether the community your clients call home is large or small, urban or rural – or somewhere in between – U.S. Bank is here to guide your clients in all 50 states and help them make their homeownership dreams come true.”
Mortgage market quick takes
Quick take:
Tariff tensions are easing and inflation is beginning to cool, helping stabilize markets. With borrowing costs leveling off, housing inventory and sales are on the rise, opening new doors for homebuyers and investors.
- Tariffs have dominated headlines since early April, significantly impacting the financial sector. Global market uncertainty has driven U.S. mortgage bond and Treasury prices lower, pushing yields and home borrowing costs higher.
- Recent developments have brought some relief as tariff tensions ease and inflation cools. The White House has paused high reciprocal tariffs and scaled back planned increases on imports from China. The Consumer Price Index (CPI) has declined for two consecutive months and is expected to continue edging lower.
- The housing market is showing signs of resilience. A Realtor.com report indicates a 30.6% increase in homes for sale compared to last year, a trend experts predict will persist. New and existing home sales have exceeded expectations, with April new home sales rising 10.9% to an annualized rate of 743,000, surpassing forecasts of 684,000. Home borrowing costs, which had been declining before tariff-related volatility spiked, rose but have recently started to ease.3
- As markets stabilize, the combination of cooling inflation, easing tariff pressures and a robust housing sector suggests a more favorable environment for homebuyers and investors. Continued monitoring of tariff negotiations and economic data will be crucial to sustaining this momentum.
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Disclosures
Equal Housing Lender