Homebuyers and sellers on the sidelines
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 September 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Zillow reports that new listings fell to a record low in August, with sellers putting about 7% fewer homes up for sale than in July. Meanwhile, homes are staying on the market longer than a year ago, and home prices are barely growing in most markets. What's going on? Plus, Harvard economist Jason Furman cautions that we could get stuck in slow monthly job growth as a result of immigration policy.
Transcript
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| 0:58.2 | slash G-O. Is meager hiring in America here to stay? I'm David Brancaccio in Los Angeles. First, |
| 1:07.8 | whether it's economic uncertainty or the cost of home loans that never |
| 1:11.6 | seemed to come down much. The fact is a lot of people decided late this summer was not the time |
| 1:16.9 | to put their house up for sale. Zillow finds that new listings fell sharply in August, 7% fewer |
| 1:23.5 | new listings compared to July, and homes are staying on the market longer. Marketplaces |
| 1:28.3 | Mitchell Hartman now takes a look at prospects for autumn. There's usually a slowdown in listings |
| 1:33.3 | in the fall. Fewer people want to move with kids in school and the weather turning. But this |
| 1:38.4 | year the trend started early, says Chen Zhao at Redfin. Inventory is up from a year or |
| 1:44.0 | ago, but the last few months it's been falling. |
| 1:47.3 | The supply of new homes has been anemic as well, says Robert Dietz at the National Association |
| 1:52.5 | of Home Builders. |
| 1:54.1 | Single-family construction is going to be down this year. |
| 1:57.3 | You still have rising construction costs, and then there's uncertainty among home buyers. |
... |
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