Jiayi Xu

In the third quarter of 2025, the median asking rent for all rental properties listed on Realtor.com in New York City was $3,599, an increase of $185, or 5.4%, compared with a year ago.

The Freddie Mac 30-year mortgage rate declined 3 basis points to 6.27% this week, as investors continued to assess developments in the new tariffs on China.

After the Fed’s quarter-point rate cut in September and the possibility of additional cuts later this year, we expect mortgage rates to remain in the low 6% range through year-end. These lower rates should provide some relief for homebuyers who have faced elevated borrowing costs in recent years, likely drawing more buyers back into the market.

August 2025 marks the 25th straight month of year-over-year rent decline for 0-2 bedroom properties since trend data began in 2020. Asking rents dipped by $38 (-2.2%) year over year.

In the second quarter of 2025, Flow of Funds data from the Federal Reserve showed that the total value of owner-occupied real estate rebounded after last quarter’s retreat,  reaching a record high of  $49.3 trillion. Home equity mirrored this trend, also hitting an all-time peak of $35.8 trillion. Mortgage debt continued to grow, hitting a record-high of $13.5 trillion.

The Freddie Mac 30-year mortgage rate dropped 15 basis points to 6.35% this week, following the downward trend in 10-year Treasury yields.

Understanding climate risk in the housing market is essential, as these challenges not only affect residential safety but also influence property values, insurance costs, and overall market stability. This report begins by evaluating the insurance burden for homeowners across the top 100 metropolitan areas. It then examines flood, wind, and wildfire risk with three key objectives: (1) to identify the markets with the highest total value of homes at risk; (2) to highlight the markets with the largest share of home value at risk; and (3) to assess the primary concerns for both current homeowners and prospective buyers in these high-risk areas. 

Stay informed with our weekly housing market update, featuring trends in active listings, seller activity, list prices, and days on the market.

The Freddie Mac 30-year mortgage rate declined 2 basis points, to 6.72%, this week as all eyes turned to the FOMC.

In 2025Q2, the median asking rent in New York City registered at $3,491, an increase of $123, or 3.7%, compared with a year ago.

The Freddie Mac 30-year mortgage rate dropped 1 basis point, to 6.74%, this week, while a lot of political pressure is being put on the FOMC to lower rates.

The Freddie Mac 30-year mortgage rate rose by 3 basis points, to 6.75%, this week, following the upward trend in 10-year Treasury yields.

June 2025 marks the 23rd straight month of year-over-year rent decline for 0-2 bedroom properties observed since trend data began in 2020. Asking rents dipped by $36, or -2.1%, year over year.

Shoppers continue to look for homes in areas other than where they live. In the second quarter of 2025, 58.9% of listing views from the top 100 metros went to homes listed in other metropolitan areas on average—up significantly from 48.1% six years ago.

Stay informed with our weekly housing market update, featuring trends in active listings, seller activity, list prices, and days on the market.

At the beginning of 2025, Flow of Funds data from the Federal Reserve showed that the total value of owner-occupied real estate registered at $47.9 trillion, the fourth highest value on record behind the second, third and fourth quarter of 2024. Home equity followed a similar trend, also notching the fourth highest level at $34.5 trillion. Mortgage debt continued to grow, hitting a record-high of $13.4 trillion.

The Freddie Mac 30-year mortgage rate surged 5 basis points higher this week to 6.86%, mirroring the rise in 10-year Treasury yields following the U.S. credit downgrade.

It has been a turbulent year since the start of 2025, marked by a series of tariff announcements, a volatile stock market, and an unclear picture of the U.S. economy—all contributing to uncertainty around the Fed’s next move and, ultimately, the direction of mortgage rates and the housing market. To better understand whether homebuyers’ sentiments have changed and to grasp the current challenges they face, we analyze information collected from the Realtor.com Site Visitor Survey by focusing on three key questions.

In 2025Q1, the median asking rent in New York City registered at $3,397, an increase of $179, or 5.6%, compared with a year ago.

Household Real Estate Value and Equity Retreat in 2024 Q3 but Remain Second-Highest on Record