California Weekly Market Data - July 2025

$Writer: fractalinfinite$
fractalinfinite
Jul 14
2 min read

Housing Market & Economic Snapshot: July 2025

The housing market is a mixed bag: mortgage applications are up due to easing interest rates, suggesting a potential boost in buyer interest. However, homeowners are facing financial strain from rising insurance premiums, especially in California, where costs are projected to jump 21%.

Key Takeaways:

Small business sentiment is steady but concerns about rising inventories and taxes persist. Inflation worries have eased, but businesses are still raising prices, which could signal future inflation.
Mortgage activity is increasing, with purchase applications reaching their highest level since February 2023, possibly helped by more housing inventory and slowing home price growth.
Home insurance costs are climbing nationwide, driven by natural disasters and construction expenses. California homeowners are seeing particularly steep increases.
California renters are largely unprepared for homeownership, lacking key financial knowledge, and burdened by debt. Many are unaware of down payment requirements or first-time homebuyer programs.
Most California homeowners are staying put, reluctant to sell due to high mortgage rates and increased property taxes on new homes. This is tightening housing supply and making it even harder for first-time buyers to enter the market.

Key Takeaways:

Small business sentiment is steady but concerns about rising inventories and taxes persist. Inflation worries have eased, but businesses are still raising prices, which could signal future inflation.
Mortgage activity is increasing, with purchase applications reaching their highest level since February 2023, possibly helped by more housing inventory and slowing home price growth.
Home insurance costs are climbing nationwide, driven by natural disasters and construction expenses. California homeowners are seeing particularly steep increases.
California renters are largely unprepared for homeownership, lacking key financial knowledge, and burdened by debt. Many are unaware of down payment requirements or first-time homebuyer programs.
Most California homeowners are staying put, reluctant to sell due to high mortgage rates and increased property taxes on new homes. This is tightening housing supply and making it even harder for first-time buyers to enter the market.