The U.S. housing market isn't breaking. It isn't rebounding. It's frozen -- held in place over the last 3 years by the quiet force of lower mortgage rates, specifically those that originated before the Biden presidential era.
U.S. homeowners lost a portion of their pandemic-era wealth gains in the third quarter as cooling home prices and heavier leverage began to erode equity, according to a new report from property data firm Cotality.
According to data from real estate analytics firm Cotality, investor purchases of U.S. single-family homes eased modestly in the second quarter of 2025, but remain well above pre-pandemic levels.
California's housing market posted a modest rebound in October 2025, with home sales rising from both the previous month and a year ago, according to the California Association of Realtors (C.A.R.).