National news and local views for the week ending Friday, September 12, 2025
Jeremy Boillot
This space allows you to include your own personalized introduction. We recommend a friendly greeting to your readers and a brief reference to this week’s feature articles!
National Real Estate News
Very weak jobs report
According to the BLS, the US economy added just 22,000 jobs in August, and the previously reported figure for June was revised down to a negative number (-13,000). That’s the first time that the number of jobs has declined month-over-month in over 50 months! The unemployment rate also climbed from 4.2% –> 4.3%. [Source: Bureau of Labor Statistics]
Time to get your refi on?
The weak BLS jobs report convinced the market that the Fed will move to cut rates at least 2, and perhaps 3, times before year-end. 10-year US Treasury yields dropped to near 4%, and avg mortgage rates moved below 6.3%. Thinking about a refi? You don’t have to wait for the Fed meeting on Sept 17. 1-2 rate cuts have already been ‘priced in’ by the market. [Source: Mortgage News Daily, CME]
Inventory growth slows
The number of homes for sale nationwide fell slightly month-over-month in August, but was still up 21% year-over-year at 1.1 million units. While that’s 11% below pre-pandemic levels on a nationwide basis, the inventory situation at the state level ranges from still-tight (Northeast & Midwest) to amply-supplied (South & West). For example, Florida’s active inventory is 25% above pre-pandemic levels. [Source: Realtor.com]
Local Market Trends
As of Friday, September 12, 2025
Jeremy Boillot
Here you can enhance your area’s housing market data with your own insights and commentary!
| Area | Median Price | Active Listings | New Listings – 5 days | Median Days on Market |
|---|---|---|---|---|
| Gilbert, AZ | $642,950 0% | 704 -0.1% | 56 | 54-0.1% |
Local Market Trends (/
) from Aug. to Sep. 2025.
Jeremy Boillot
Barrett Financial Group
NMLS #1208591
Questions about these articles or the state of your local market? Get in touch!
480-677-0644jboillot@barrettfinancial.com
Copyright © 2025 Barrett Financial Group, LLC. Corp NMLS #181106 | Barrett Financial Group, L.L.C. | 2701 East Insight Way Suite 150, Chandler, AZ 85286 | (480) 459-4500 | Corporate License: #MB – 0904774 License By: Arizona Department of Financial Institutions Phone: (602) 771-2800 Website: dfi.az.gov. | https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106 | Equal Housing Opportunity.