At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions. With that in mind, here are 10 numbers and trends that have recently caught our attention:

• The National Association of Realtors (NAR) noted that if mortgage rates fell to 6%, it would make the median-priced home affordable for an additional 5.5 million households, 1.6 million of which are renters.
• CNBC notes that rental home inventory in Atlanta, Phoenix, Dallas, Houston, Tampa, and Charlotte has grown more than 20% in the past year, driven by homeowners opting to rent after being unable to sell.
• The S&P CoreLogic Case-Shiller U.S. National Home Price Index remains at an all-time high of 331.11, while NAR pegs the median home price at $435,300.
• A National Association of Home Builders survey found that 37% of builders reduced prices in July. Figures have been edging up each month since April.
• Moody’s Analytics chief economist Mark Zandi believes housing will become an economic headwind, weighing on growth prospects later in 2025 and into 2026.
• Meanwhile, Moody’s believes there is a housing shortfall of roughly 2 million homes across the United States.
• Single-family home sales on a seasonally adjusted annual rate barely budged in June from the year before, per NAR. Current sales levels are the lowest since 1995. Additionally, a 4.7-month supply of housing is available, the highest since 2015.
• Two congressmen unveiled the SUPPLY Act, a bill to support the creation of more accessory dwelling units (ADUs). The Wall Street Journal estimates that at least 1.4 million single-family homes had an ADU as of 2020. The proposal would provide a government-funded loan product to help finance additional units.
• Fortune reported that the national delinquency rate is 3.2%. The Mortgage Bankers Association pinned that figure higher at 4.04%. Foreclosures are rising – primarily on FHA and VA loans – though they’re coming off a low base.
• The Census reported that June housing starts were broadly in line with prior-year levels, at 1,263,000 on a seasonally adjusted annual rate. Meanwhile, completions were down 24.1% compared to the previous June.