Story perspectives
U.S. Housing Market Hits Record Inventory Amid Weak Demand
9/1/2025
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Story summary
- U.S. housing inventory reached its highest level since 2008, with 121,000 unsold homes in July.
- Home sales declined by 8.2% compared to last year, indicating weak demand.
- Price reductions rose to 42% last week, highlighting market challenges.
- Buyer hesitation stems from economic uncertainty and high mortgage rates.
- Future market changes may hinge on the Federal Reserve's decisions.
