Published Date 7/28/2025
A tale of two markets The American housing realm remains mired in a paradox. The month of June saw home prices soaring to an all-time high of $435,300, while sales plummeted to a nine-month low as transactions fell 2.7% from the previous month. As NPR’s Laurel Wamsley explains, this isn't the typical story of supply and demand. It’s a tale of two markets operating in parallel, with the housing market split into distinct camps. On one side are cash-flush buyers — having reaped substantial equity from previous home sales — snapping up properties, often without financing. These buyers represented a whopping 29% of all transactions in June, wielding their financial power to outbid mortgage-dependent competitors. "Those who have housing equity can make housing trades right now," explains NAR’s Jessica Lautz. "Many of them are doing so even with an all-cash purchase. They have the ability to interact with today's housing market, where first-time homebuyers are being shut out." A matter of haves and have-nots? No doubt about it. Rising wages and record stock market gains have created a wealthy buyer pool that remains largely insulated from affordability concerns. These buyers are driving activity in the luxury segment, where homes above $1 million saw sales jump 14% year-over-year. An estimated 8.5% of U.S. homes now carry million-dollar price tags, according to Redfin analysis. For the rest of us, the market presents an increasingly insurmountable barrier. Median home prices have climbed 48% over just five years, while mortgage rates have remained high, combining to create monthly payments that stretch beyond reach for many potential buyers. Reach out for more! NPR, TBWS Jeff Eisenberg Southern Oaks Mortgage, Inc. DRE 01236132 | NMLS 236681 661-964-2600 #firsttimebuyers #homebuyers #buyingahome #santaclartiahomebuyer #buyinginSCV #santaclaritabuyer #localhomebuyer #valencia #newhall #SCV #canyoncountry #saugus #castaicAll information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
Southern Oaks Mortgage, Inc. is a licensed Broker/Lender with the CA DRE Lic. #01458657, NMLS #237717
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NMLS: 236681
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