July 31, 2025 | Nicholas Krueger |⏱️ Approx. 4-minute read

Pending Sales Are Down…

But That’s Not the Whole Story

If you’ve been thinking about moving up into a new home, you’ve probably noticed the headlines:

“Pending home sales are down again in June.”
Cue the dramatic music, right?

But let’s break that down and talk about what’s really going on — and what it means for you if you’re planning to buy or sell in the next few months.

📉 Yes, Pending Sales Slipped — But the Market’s Not Frozen

According to the National Association of Realtors, pending home sales were down 0.8% from May and 2.8% from June of last year. That sounds like a red flag, but it’s more like a yellow light. Things are still moving — just at a slower pace than the peak frenzy we’ve all gotten used to.

The Midwest (our market) saw a small dip, but honestly, that was expected. Buyers are being more thoughtful right now — not rushing, not overpaying — and that’s actually a good thing if you’re a move-up buyer trying to time both sides of a transaction.

🏦 The Fed Held Rates Steady — That’s a Win for Buyers

The Fed met at the end of July and decided not to raise rates. Again. That’s five meetings in a row with no hike. Why does that matter?

It helps keep mortgage rates in a more predictable range — lately around 6.7%–6.8% for a 30-year fixed loan. That’s not the rock-bottom rates of 2021, but it’s also not the sky-is-falling scenario people were bracing for earlier this year.

And bonus — mortgage applications have actually started rising again. That’s usually the first sign that buyers are getting ready to re-enter the market in bigger numbers.

🧠 So What Does This Mean If You’re Thinking About Moving Up?

Here’s the real talk:

• More inventory = more choices. Sellers are listing again, which means you don’t have to settle. You can find the right home.

• Less competition = more leverage. You're not in bidding wars with 10 other buyers right now. That gives you room to negotiate smart.

• Rates aren’t falling fast, but they’re stable. That gives you time to plan — and maybe even lock in a rate you're comfortable with.

• You don’t need to rush — but you do need a plan. A lot of people are “thinking about” a move. The ones who actually move have a strategy.

💡 My Take (From the Trenches)

I work with a lot of families who are moving up — selling the home they’re in and buying something that fits their next chapter. And the thing I hear most often is:

“We want to make a smart move — but we don’t want to overpay, get stuck with a bad rate, or feel rushed.”

Totally fair. That’s why I build plans that actually protect your money, not just push you into a transaction.

When I help clients, I’m not here to be the loudest voice in the room — I’m here to be the most honest one. I track the market daily, keep tabs on the Fed, and make sure you understand every move we’re making with your investment.

Because at the end of the day, you’re not just buying a home — you’re growing your long-term wealth.

✋ Thinking About Moving Up?

Let’s chat. No pressure, no hard sell — just a real conversation about where you’re at and how to make your next move work for you.

📅 Book a time to talk here
📞 Or shoot me a message: 612-719-2718
📩 Prefer email? [email protected]

Because when you work with someone who treats your money like it’s their own — it shows.