The Fall Market officially starts after Labor Day even though Summer officially ends in a little less than three weeks!
For several years I have seen a delayed start to the Fall Market and I suspect this year may be no different. In fact, if I were to make a prediction (noting I am frequently wrong), I would say this year everything will be spurred by this month’s FED meeting and their decision on interest rates, their commentary about the labor market, the effects of tariff-inflation and the overall health of the US economy. If they see great strength, chances are they may not lower interest rates and the 10-year treasury could remain elevated. Which means a weaker labor market and weakening economy combined with lower inflation before mortgage rates come down. I guess this is why they say be careful what you wish for.
So look out for the FALL MARKET OF 2025 kicking in around mid to late September. Then again, some smart consumers might step in before the herd does so….