Hello,  

After years of runaway growth, the housing market is cooling…like a pot taken off the flame.

Still warm. Still active. But no longer boiling over. And the numbers back it up.

Across the U.S., 117,000 new single-family homes are sitting on the market. That’s the highest level since July 2009 and a 31% jump from last year.¹

Regionally, some places are feeling it more than others: 

• Texas: Active listings are 53% above normal²
• Florida: Tampa and Jacksonville lead the country in price cuts³
• California: Bay Area pending sales just saw their weakest March since 2012⁴

Even luxury buyers are slowing down.

In April, sales of high-end homes dropped 10% year-over-year.⁵

That’s not about mortgage rates…many of these buyers pay cash.

It’s about confidence.

That said, prices haven’t plunged.

Home values in the 20 largest metro areas dipped just 0.12% in March.

That’s the first monthly decline after 15 straight gains.⁶

It’s a small move, but a clear signal that the heat is coming down.

So why does this matter?

Real estate isn’t just a reflection of the economy.

It’s often a preview.

Housing tends to be one of the earliest sectors to respond when things start to shift. That’s why many economists watch it closely. It affects jobs, consumer spending, and local tax revenues.

When people get cautious about housing, that caution can spread.

So where do we go from here?

It’s tough to say.

There are many variables still in play. Interest rates. Inflation. Employment trends.

That’s why this is a good moment to pause, reassess, and make sure your financial strategy still fits the environment.

Thinking about buying or selling? Considering real estate as part of your portfolio? Just wondering how this fits into your bigger picture?

Let’s talk about it. Markets evolve. Plans adapt.

If you're curious how the current changes in real estate could affect your future plans or investment strategy, we’re here to help you think it through.

Sincerely,

Your Eagle Wealth Team

Celebrate Summer with this Fresh Salad

The weather is heating up, so cool down with this tasty, healthy, fresh watermelon salad.

Ingredients

• 5 cups of cubed watermelon

• 1 cup of diced cucumber

• ¼ cup thinly sliced red onions

• ⅓ cup crumbled feta cheese

• 1 avocado, cubed

• ⅓ cup torn mint or basil leaves

• Sea salt

For the dressing 

• 2 tablespoons extra-virgin olive oil

• 3 tablespoons lime juice

• ½ garlic clove, minced

• ¼ teaspoon sea salt

Whisk together all the dressing ingredients in a small bowl and set aside. Arrange the watermelon, cucumber, and red onions and drizzle with half the dressing. Then, add the feta, avocado, and mint. Drizzle with the rest of the dressing. Salt to taste and serve.

Tip adapted from Love and Lemons⁷

How Federal Job Cuts Could Affect the Labor Market

With the current administration’s push to reduce federal government spending—through hiring freezes, early retirements, and cuts to contracts and grants—pressure is starting to mount on the job market, though the impact might not fully hit until late 2025.

While direct federal jobs make up a small portion of the workforce, millions more rely on government contracts and funding, which are now also on the chopping block. That means over a million jobs could be at risk, potentially slowing monthly job growth.

Click here for a quick 2-minute read about the impact of federal employment cuts on the labor market.

For now, severance packages and a still-strong labor market are softening the impact, giving the Federal Reserve time to watch how things unfold before deciding whether to cut interest rates later this year. The Federal Open Market Committee is scheduled to meet again on June 17-18.

<sup>1. Fast Company, 2025 [URL: https://www.fastcompany.com/91341501/housing-market-homebuilder-unsold-inventory-swells-to-2009-levels]
2. Newsweek, 2025 [URL: https://www.newsweek.com/texas-faces-major-housing-market-correction-prices-drop-across-state-2070190]
3. Realtor.com, 2025 [URL: https://www.realtor.com/research/april-2025-data/]
4. San Francisco Chronicle, 2025 [URL: https://web.archive.org/web/20250602214059/https://www.sfchronicle.com/realestate/article/home-sale-price-bay-area-20296381.php]
5. Redfin, 2025 [URL: https://www.redfin.com/news/luxury-homes-market-april-2025/]
6. Marketwatch, 2025 [URL: https://www.marketwatch.com/story/home-prices-in-the-biggest-20-markets-decline-for-the-first-time-in-over-two-years-heres-where-theyre-expected-to-fall-the-most-14cebe4f]
7. Love and Lemons, December 12, 2024</sup>

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