Research Brief: Housing – August 2025

Encouraging and discouraging trends at play in housing. Existing home sales increased 1.1 percent year over year in July 2025 to a six-month high, aided by a steadily climbing number of listings. The supply of homes at the current sales pace has eased back from the May high of 4.2 months, but the liquidity measure is still at one of its highest levels in more than five years. The added options for prospective buyers has siphoned upward momentum away from home prices…

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