Price Appreciation is Slowing, Mortgage Rates Remain Fickle

As we head into the final stretch of 2025, questions about the economy and housing market are top of mind for many. In this month’s economic update, Windermere Real Estate’s Chief Economist Jeff Tucker unpacks the latest data—from a 4% rise in unemployment claims and the impact of the recent government shutdown, to shifting inventory trends and mortgage rate fluctuations. With home price appreciation slowing to just 1.5% year-over-year and inventory growth tapering off, Jeff offers a clear-eyed look at what these numbers mean for buyers, sellers, and the broader market. Watch the full video to get grounded insights and a forward-looking perspective on what’s next.