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U.S. Housing Market Cools: Buyers Thrive in South, West

8/6/2025

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Summary

Story summary

The U.S. housing market is cooling, showing regional differences; the South and West favor buyers, while the Northeast and Midwest remain competitive.
Active listings increased for 21 months, with 33 out of 50 major metros experiencing price declines.
Mortgage rates decreased to 6.57%, enhancing affordability for potential buyers.
Oklahoma City reached a record average home price of $275,000, with no decline anticipated soon.

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Story summary

The U.S. housing market is cooling, showing regional differences; the South and West favor buyers, while the Northeast and Midwest remain competitive.
Active listings increased for 21 months, with 33 out of 50 major metros experiencing price declines.
Mortgage rates decreased to 6.57%, enhancing affordability for potential buyers.
Oklahoma City reached a record average home price of $275,000, with no decline anticipated soon.