On prices, rent, and mortgage:
U.S. Home Price Growth Cools to Near-Two-Year Low. The S&P CoreLogic Case-Shiller National Home Price Index rose 2.7% in the 12 months to April – Wall Street Journal
Case-Shiller: National House Price Index Up 2.7% year-over-year in April –Calculated Risk
Housing market at risk of “sustained downturn” as price growth cools – Axios
Mapping Home Price Changes – New York Fed
Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets. Zillow projects that U.S. home prices will fall 0.7% from May 2025 to May 2026. – Fast Company
These 96 housing markets are seeing falling home prices. Among the 300 largest metro-area housing markets, these 96 markets are seeing falling home prices on a year-over-year basis. – Fast Company
What Trump’s Bomb Strike on Iran Means for Mortgage Rates in the US – Realtor.com
On sales, permits, starts, and supply:
Housing market weakness triggers Lennar to offer biggest incentives since 2009. There is a consensus among major publicly traded homebuilders that the spring 2025 housing market was softer than expected. – Fast Company
Single-family Construction Loan Volume Grows – NAHB
Home Prices Stay Steady as Buyers Take Their Time – Realtor.com
Buyer’s or seller’s housing market? Zillow’s new rating for 250 major markets. Where home sellers—and home buyers—have the most power right now, according to Zillow’s updated analysis released in June. – Fast Company
Real USA Home Prices Flat for 1 Year & 19% Above 2006 Peak – Real Estate Decoded
NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY. Median House Prices Increased 1.3% Year-over-Year – Calculated Risk
Existing Home Sales Edge Higher in May – NAHB
New Home Sales Decrease to 623,000 Annual Rate in May. Median New Home Price is Down 7% from the Peak due to Change in Mix – Calculated Risk
California Home Sales “Sputter” in May; 4th Look at Local Markets. California Active Inventory Highest Reached 67-Month High – Calculated Risk
Home Sales Stay Sluggish in May as Mortgage Rates and Uncertainty Weigh on Market – Realtor.com
Home Sales Rose in May, but Housing Market Is Still Sluggish. Existing-home sales edge up 0.8%, ending two-month streak of declines – Wall Street Journal
U.S. New Home Sales Slump as High Mortgage Rates Persist. Sales of new single-family homes fell 13.7% to 623,000 in May – Wall Street Journal
How Small Apartments in Big Buildings Became the US Norm. To what extent was the construction boom a product of the sometimes-perverse incentives and disincentives facing developers? – Bloomberg
Homeownership: Not Enough Supply for Middle-Income Buyers. For teachers, nurses and other skilled workers, few options. – New York Times
California Democrats wage internal war over Gavin Newsom’s late push to build more housing. Governor is drawing heavy resistance to his housing development proposal. – Politico
On other developments:
Interactive Tool Charts Pandemic Homebuying Trends – San Francisco Fed
The State of the Nation’s Housing 2025 – Harvard Joint Center for Housing Studies
Unease in the Housing Market Amid a Worsening Affordability Crisis – Harvard Joint Center for Housing Studies
Zohran Mamdani’s policies will (mostly) not bring abundance to NYC. Progressive ideas still try to defy economic realities. – Noahpinion
Is U.S. Lumber Self-Reliance Possible? – NAHB
Institutional Investors Aren’t the Villains of America’s Housing Market – National Review
More Homeowners Find Themselves Underwater. Some who bought around the market peak in pandemic boomtowns owe more on their mortgages than their homes are worth – Wall Street Journal
Buyers in the Priciest Housing Markets Need 80% Down To Afford Monthly Costs – Realtor.com
Thoughts on the Big, Fascinating, Exciting Mamdani Upset! The affordability crisis is real. Mamdani’s offering solutions where others, including the president, not only have nothing, but are making it worse. – Jared Bernstein
New York’s Housing Crisis Is So Bad That a Socialist Is Poised to Become Mayor. Zohran Mamdani, a 33-year-old who campaigned on rent freezes, emerged victorious in the city’s Democratic primary – Wall Street Journal
Will Zohran Mamdani’s Housing Plan Actually Work in New York City? – Realtor.com
On Housing, All New York Politicians Are Socialists. Allegedly sane, centrist opponents of New York City’s socialist mayoral candidate are all too happy to regulate rental housing into the ground. – Reason
New Yorkers Vote to Make Their Housing Shortage Worse. Austin, Texas, and other red-state cities have set an example for how to make housing markets work – New York Times
A New Rail Line May Come to New York. Will a Housing Boom Follow? The Interborough Express, a rail line connecting Brooklyn and Queens, could spur the building of tens of thousands of homes. Obstacles await. – New York Times
Elevated Rates, Challenging Affordability Conditions Put a Damper on New Home Sales – NAHB
Housing market at risk of “sustained downturn” as price growth cools – Axios
Confronting the affordable-housing crisis – McKinsey
Why Do Republicans Support the Low-Income Housing Tax Credit? Publicly funded homes in some cities are costing taxpayers more than $1 million per unit, but Trump’s “big, beautiful bill” would increase funding for these inefficient projects. – Reason
San Francisco’s Luxury Housing Market Is Booming Again Thanks to AI Wealth. A new report from Sotheby’s International Realty says the top end of the market has undergone a renaissance. – Bloomberg
Affordability Crisis Worsens as Home Prices Hit ‘Shocking’ New High—5 Times What the Typical Household Earns – Realtor.com
Where Are the Least Competitive Housing Markets? – Zillow
Housing Department to Move Headquarters, Booting National Science Foundation. The plan to depart Washington and take over the science agency building in Virginia raised questions about where N.S.F. employees would go. – New York Times