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Refinance activity went up 16% this week, while purchase applications rose and rates declined for the sixth consecutive week; mortgage credit availability increased for the third consecutive month; new home purchase activity, in line with seasonal patterns, strengthened in February; and home prices and time on the market is near year ago levels, while overall inventory continues to climb.

Mortgage Applications Up As Rates Decline For Sixth Consecutive Week
Mortgage Professional America - 3/12/2025
Refinance activity jumps 16% while purchase applications rise, signaling momentum in the housing market.

Mortgage Credit Availability Increased in February
Mortgage Bankers Association - 3/11/2025
Mortgage credit availability in February increased for the third consecutive month to its highest level since March 2023.

February New Home Purchase Mortgage Applications Decreased 6.9 Percent
Mortgage Bankers Association - 3/13/2025
New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth.

Weekly Housing Trends View — Data for Week Ending March 8, 2025
Realtor.com - 3/13/2025
Home prices and time on the market is near year ago levels, and overall inventory continues to climb. Prices are also the closest they have been to year-ago levels since November, narrowing the gap for the third week in a row.

Gen Z Poised To Buy Homes, But High Costs Test Limits
National Mortgage Professional - 3/11/2025
According to a new report from ServiceLink, 67% of Gen Z respondents plan to purchase a home in 2025, compared to 51% of millennials, 49% of Gen X and 22% of baby boomers.

Refinancing makes a comeback as mortgage lock volume rises in February
Scotsman Guide - 3/11/2025
Refinancing gained momentum in February as month-over-month mortgage lock volume increased by 7%, according to a report from Optimal Blue.

It Will Take 7 Years To Fix the Housing Shortage at Current Construction Pace, Economists Say
Realtor.com - 3/10/2025
Although the supply gap improved moderately in 2024, the country still fell 3.8 million units short of meeting demand relative to new household formations and pent-up demand, according to a report from Realtor.com.

How Rising Costs Affect Home Affordability
Eye On Housing - 3/10/2025
Housing affordability remains a critical issue, with 74.9% of U.S. households unable to afford a median-priced new home in 2025, according to NAHB’s latest analysis.

Consumer Housing Sentiment Declines For First Time Since 2023
National Mortgage Professional - 3/7/2025
For the first time in nearly two years, consumer housing sentiment year-over-year has taken a downward turn. Fannie Mae’s Home Purchase Sentiment Index dropped by 1.8 points in February, now sitting at 71.6.

The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
Redfin - 3/12/2025
Redfin reports that the typical Los Angeles homeowner hangs onto their house for 19.4 years — longer than any U.S. metro, and the longest span on record for that area.

Mortgage applications increased 20.4% from one week earlier; interest rates fell to 6.63% this week, the largest weekly decline since September; construction costs could increase by 4% to 6% over the next 12 months due to tariffs; consumer credit delinquencies hit a five year high; more first-time buyers are entering the market; and home prices fell by the lowest margin since November last week.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 3/5/2025
Mortgage applications increased 20.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 28, 2025.

Interest rates see the steepest drop since September
Scotsman Guide - 3/6/2025
Interest rates fell to 6.63% this week for a 30-year fixed rate mortgage, down 0.13% from the week before when rates averaged 6.76%, according to Freddie Mac. This is largest weekly decline since September.

Tariffs could drive up new home prices by as much as $22,000, research finds
CNBC - 3/5/2025
Construction costs could increase by 4% to 6% over the next 12 months, adding roughly $17,000 to $22,000 to the sticker prices for new homes, according to CoreLogic.

Weekly Housing Trends View — Data for Week Ending March 1, 2025
Realtor.com - 3/6/2025
This week, the housing market looked similar to last year in terms of prices and time on market, but inventory and price reductions continue to outpace year-ago levels. Prices also fell by the lowest margin since November last week.

Consumer Credit Delinquencies Hit Five-Year High
National Mortgage Professional - 2/28/2025
Mortgages were the primary driver of this increase, as elevated home prices and high interest rates continued to weigh on consumers’ ability to pay down mortgage debt.

More First-Time Buyers Coming Off the Sidelines
MortgagePoint - 3/5/2025
New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own.

Redfin Reports 1 in 7 Pending Home Sales Are Getting Canceled, the Highest Share During This Time of Year on Record
Redfin - 2/28/2025
Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new report from Redfin.

Redfin Reports Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers
Redfin - 3/6/2025
Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest decline since November 2023.

Here’s how tariffs will hit the U.S. housing market
CNBC - 3/4/2025
The new tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, said Rob Dietz, chief economist at the National Association of Home Builders, citing estimates from U.S. homebuilders.

Good Signs For Homebuyers: More Supply, Lower Rates And More Purchasing Power 
The Mortgage Reports - 3/5/2025
Recent data from Redfin indicates a more promising environment for buyers in the weeks and months ahead, and several other industry experts agree.

Pending home sales dropped 4.6% from December, the lowest level on record; mortgage rates dropped for the sixth straight week to 6.76%; mortgage application payments increased 3.7%; home prices grew 3.9% in December from a year earlier; the housing market continues its shift toward a more balanced state, with prices remaining on a downward trend and new listings and active inventory continuing to rise; and despite the market slowdown, refinancing is up.

Pending home sales drop to the lowest level on record in January
CNBC - 2/27/2025
Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001.

Mortgage Rates Slip To Lowest Since Middle Of December
Financial Advisor - 2/27/2025
Mortgage rates in the U.S. dropped for a sixth week, falling to the lowest level in more than two months. The average for 30-year loans was 6.76%, down from 6.85% last week, Freddie Mac said in a statement.

Mortgage Application Payments Increased 3.7 Percent to $2,205 in January
Mortgage Bankers Association - 2/27/2025
Homebuyer affordability conditions declined further in January as volatile mortgage rates and high home prices continue to impact many prospective buyers’ purchasing power.

Refinancing Up In Q4 Despite Broader U.S. Mortgage Slowdown
National Mortgage Professional - 2/27/2025
The U.S. mortgage market continued its volatile trajectory in the final quarter of 2024, with total lending activity slipping 3% from the previous quarter, according to a new report from ATTOM.

Weekly Housing Trends View — Data for Week Ending Feb. 22, 2025
Realtor.com - 2/27/2025
This week, the housing market continued its shift toward a more balanced state. Prices remain on a downward trend, while new listings and active inventory continue to rise.

Home Sales Prices Climb — and Reach All-Time Highs in One City
Realtor.com - 2/25/2025
Nationwide, home prices grew 3.9% in December from a year earlier, more than the 3.8% gain recorded in November, according to the latest S&P CoreLogic Case-Shiller Index data released Tuesday.

Home sales drop sharply as prices hit an all-time high for January
CNBC - 2/21/2025
Sales of previously owned homes fell 4.9% in January from the prior month to 4.08 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Analysts were expecting a 2.6% decline.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/26/2025
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 21, 2025.

New-Home Sales Drop Sharply as Prices for New Builds Jump to a 3-Year High
Realtor.com - 2/26/2025
Signed contracts for new single-family homes plunged 10.5% last month from December, to a seasonally adjusted annual pace of 657,000, the U.S. Census Bureau reported. The January sales figure was down 1.1% from a year earlier.

Fannie Mae raises 2025 mortgage rate forecast amid inflation concerns
Mortgage Professional America - 2/21/2025
The Fannie Mae Economic and Strategic Research Group revised its mortgage rate forecast upward, expecting rates to end 2025 at 6.6% and 2026 at 6.5%, reflecting persistent inflation risks and trade policy shifts.

The average 30-year fixed mortgage rate fell for the fourth straight week to 6.87%; applications to purchase newly constructed homes rebounded 19% from December; mortgage applications decreased 6.6% from one week earlier; the total value of the U.S. housing market grew 5.2% year over year; and the U.S. housing market tilted in favor of buyers for the first time this decade.

U.S. mortgage rates hit 2025 low after fourth straight weekly drop
Mortgage Professional America - 2/14/2025
Freddie Mac reported that the average 30-year fixed mortgage rate fell to 6.87%, a slight dip from 6.89% the previous week, hitting their lowest point of 2025 and offering a glimmer of hope for homebuyers and refinancers.

January New Home Purchase Mortgage Applications Decreased 6 Percent
Mortgage Bankers Association - 2/20/2025
Applications to purchase newly constructed homes rebounded 19 percent from December, but decreased from a year ago, the first annual decline in two years.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/19/2025
Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 14, 2025.

U.S. Housing Market Gained $2.5 Trillion in Value in 2024
Redfin - 2/20/2025
In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011.

It’s a Buyer’s Market. For Many Homebuyers, It Doesn’t Feel Like It
Redfin - 2/19/2025
The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the market in January. That’s the most since February 2019 and up from 3.3 months a year ago.

Tariff Fears and Mortgage Rates Hurt Builder Sentiment as Single-Family Home Construction Slows
Realtor.com - 2/19/2025
Starts on single-family units, which account for the vast majority of all homebuilding, dropped 8.4% from December to a seasonally adjusted annual rate of 993,000, the U.S. Census Bureau reported Wednesday.

Weekly Housing Trends View — Data for Week Ending Feb. 15, 2025
Realtor.com - 2/20/2025
The market continues to move in the same direction since the new year. Prices are falling, new listings and active inventory are increasing and homes are spending more time on the for-sale market than they were in early 2024.

First American Predicts A Longer 'Housing Winter'
National Mortgage Professional - 2/18/2025
Home prices are now about 55% higher compared to pre-pandemic levels (February 2020), according to the First American Data & Analytics Home Price Index for the month of January.

Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low
Redfin - 2/18/2025
Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021.

Why Is Flood Risk Surpassing Fire Risk in California?
CoreLogic - 2/18/2025
By 2050, more than one million homes in Los Angeles, San Diego and San Francisco with low flood risk will see their flood risk rise higher than their fire risk.

Mortgage applications increased 2.3% from one week earlier; shelter prices accelerated last month, rising 0.4% versus 0.3% in December; home prices rose in Q4 2024 as nearly 90% of metro areas saw gains; almost a quarter of all home listings saw a price cut in January; and the Mortgage Bankers Association’s Mortgage Credit Availability Index rose by 2.5% to 99.0 in January.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/12/2025
Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 7, 2025.

U.S. inflation heats up to 3% for first time since June
CNN Business - 2/12/2025
Shelter prices accelerated last month, rising 0.4% versus 0.3% in December; however, those gains were driven by substantial increases in home insurance and lodging-away-from-home, categories that are typically volatile.

U.S. home prices keep rising as nearly 90% of metro areas see gains
Mortgage Professional America - 2/7/2025
Home prices continued to climb across most U.S. metro areas in the fourth quarter of 2024, with nearly 90% of markets reporting gains, according to the latest report from the National Association of Realtors.

The number of homes offering price cuts hits seven-year high
Scotsman Guide - 2/12/2025
Nearly a quarter of all home listings saw a price cut in January, yet another indicator that sellers are growing more motivated to sell and the so-called ‘lock-in’ effect caused by high mortgage rates is starting to ease.

Mortgage Credit Availability Increased in January
Mortgage Bankers Association - 2/11/2025
The Mortgage Credit Availability Index rose by 2.5 percent to 99.0 in January, driven by conventional credit supply rising to its highest level since June 2022.

CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16 Percent to $583 Billion in 2025
Mortgage Bankers Association - 2/10/2025
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16 percent increase from 2024’s estimated total of $503 billion.

Weekly Housing Trends View — Data for Week Ending Feb. 8, 2025
Realtor.com - 2/13/2025
Inventory remains elevated, and by a growing margin, offering buyers considerably more options compared with last year. Prices also continue to fall, hovering just below year-ago levels for the 16th week in a row.

Homebuying Pessimism Grows, Affordability Woes Persist
National Mortgage Professional - 2/7/2025
The latest update to the Fannie Mae Home Purchase Sentiment Index shows an increase of 0.3 points in January to 73.4, marking a slight recovery after homebuying sentiment fell last month for the first time since July.

Foreclosure filings climb in January – will this continue through 2025?
Mortgage Professional America - 2/13/2025
Foreclosure activity in the U.S. ticked upward in January, up 8% from the previous month, according to ATTOM’s latest Foreclosure Market Report.

Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
Redfin - 2/13/2025
Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. The typical home that sold in January was on the market for 56 days.

Mortgage applications increased 2.2 percent from one week earlier; home prices increased year over year by 3.4% in December 2024 compared with December 2023; Inventory remains elevated and prices continue to fall, but the pace of the market has slowed; mortgage delinquencies increased 3.98%; and home equity levels remained strong in Q4 2024.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/5/2025
Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 31, 2025.

U.S. Home Price Insights – February 2025
CoreLogic - 2/5/2025
The CoreLogic HPI Forecast indicates that home prices will drop by -0.2% from December 2024 to January 2025 and increase by 4.1% on a year-over-year basis from December 2024 to December 2025.

Weekly Housing Trends View — Data for Week Ending February 1, 2025
Realtor.com - 2/6/2025
Inventory remains elevated and prices continue to fall, but the pace of the market has slowed, with homes spending longer on the market than they did last year even when more homes are on the market at lower prices.

Mortgage Delinquencies Increase in the Fourth Quarter of 2024
Mortgage Bankers Association - 2/6/2025
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth quarter of 2024.

Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People
Redfin - 2/5/2025
Nearly 70% of single, divorced or separated people struggle to afford their regular rent or mortgage payments, compared to just over half (52%) of married people, according to a new report from Redfin.

U.S. home equity remains strong - report
Mortgage Professional America - 1/31/2025
Home equity levels across the U.S. remained strong in the fourth quarter of 2024, despite a slight quarterly dip in the percentage of equity-rich properties, according to ATTOM’s latest U.S. Home Equity & Underwater Report.

New tariffs could raise home prices and sideline potential buyers
CNBC - 2/3/2025
Tariffs on key building materials sourced from Canada and Mexico could make homes more expensive and freeze out buyers. Trump’s mass deportation plans could also pressure the market by reducing the construction labor force.

One in five people willing to move soon: Zillow
Scotsman Guide - 1/31/2025
Some 15% said their home was already listed, while 48% indicated they would consider selling within the next year. A further 36% said they would consider doing so in the next two or three years.

10 Things to Know About the Mortgage and Housing Markets Right Now: January 2025
CoreLogic - 1/31/2025
A strong U.S. economy and job market are helping most borrowers make their mortgage payments on time, but the share of delinquent borrowers edged up at the end of 2024. Let’s look at where the current landscape stands.

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing marketCNN Business - 2/4/2025
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation.

Existing home sales grew by 2.2% in December, although pending home sales dropped 5.5% that same month; mortgage applications decreased 2% from one week earlier; new single-family home sales accelerated 3.6%; home price growth rose 3.8%; and a recent surge in new listings, up double digits in late January, is providing buyers with a larger pool of options

Existing-Home Sales See Quickest Climb Since Last February
National Mortgage Professional - 1/24/2025
Sales grew by 2.2% in December from the month before to a seasonally adjusted annual rate of 4.24 million. That’s the highest growth rate since February 2024, according to the National Association of Realtors.

Pending home sales drop sharply in December, as mortgage rates surge back over 7%
CNBC - 1/30/2025
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 1/29/2025
Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 24, 2025.

New-Home Sales Jump At End Of 2024 To Post Second Annual Gain
Financial Advisor - 1/27/2025
The annual pace of new single-family home sales accelerated 3.6% to 698,000 last month, reflecting a sharp advance in the West, government figures released Monday showed.

Weekly Housing Trends View — Data for Week Ending January 25, 2025
Realtor.com - 1/30/2025
A recent surge in new listings, up double digits in late January, is providing buyers with a larger pool of options, while growing inventory and a narrowing gap in time on market suggest improving buyer demand.

Home-Price Growth Accelerates As Buyers Forge Ahead
Financial Advisor - 1/28/2025
A national gauge of prices rose 3.8% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was larger than the 3.6% annual increase in October.

Consumer Confidence Backslides In January
National Mortgage Professional - 1/29/2025
More than half – 51.4% – of consumers now expect higher mortgage interest rates over the next year, according to a new survey from the Conference Board, a nonprofit think tank.

Redfin Reports The Typical Home Is Taking Nearly 2 Months to Sell. That’s The Slowest Pace in 5 Years.
Redfin - 1/30/2025
Homes are taking a long time to sell largely because housing costs are so expensive – but for buyers who can afford it, there are a fair amount of homes to choose from.

National Home Prices To Continue Cooling Trend
National Mortgage Professional - 1/28/2025
On a monthly basis, national home prices remained mostly flat, rising only 0.1% from November to December, a trend that continued from the month before when prices rose only 0.03%.

Mortgage Application Payments Flat in December
Mortgage Bankers Association - 1/30/2025
Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,133 in November.

Mortgage applications showed a slight increase this week; applications for newly built homes increase 9%; pending homes sales fell 4.5%, the largest decline since October 2022; the national delinquency rate was at 3.72% in December; and there was a pick up in new listings with homes spending less time on the market, suggesting that buyers and sellers are both more eager to enter the market.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 1/22/2025
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 17, 2025.

December New Home Purchase Mortgage Applications Increased 8.9 Percent
Mortgage Bankers Association - 1/17/2025
Applications for newly built homes increased 9 percent compared to a year ago in December, while the FHA share of applications reached its second highest level in the survey’s history at 29 percent.

Pending Home Sales Fell the Most Since 2022 in December as Mortgage Rates Jumped
Redfin - 1/17/2025
Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis — the largest decline since October 2022 — and dropped 2.3% year over year, according to a report from Redfin.

Weekly Housing Trends View — Data for Week Ending January 18, 2025
Realtor.com - 1/23/2025
A pick up in new listings and shrinking time-on-market growth suggest that buyers and sellers are eager to get into the market this year.

Mortgage delinquencies are near a three-year high
Scotsman Guide - 1/23/2025
The national delinquency rate was at 3.72% in December, up 15 basis points compared to December 2023, ICE reported. The delinquency rate declined 2 basis points from November, however.

Redfin Reports Home Prices Are Rising in Every Major Metro for the First Time Since 2022
Redfin - 1/21/2025
In Cleveland, prices jumped 15% year over year in December — the biggest increase among the 50 most populous metros. Next came Milwaukee and Philadelphia. Florida is home to the three metros where prices rose the least.

Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December
Mortgage Bankers Association - 1/21/2025
The total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of December 31, 2024.

North America construction costs hit new high
Mortgage Professional America - 1/21/2025
The fourth quarter of 2024 recorded continued growth in construction costs across North America, with significant trends in material pricing, project spending and sector performance.

New Construction Activity Slides in December
Realtor.com - 1/17/2025
New residential construction activity slowed month over month in December, with permits falling by 0.7% from November and housing completions falling by 4.8%. Housing starts, meanwhile, picked up 15.8% month over month.

Spiking Escrows Shock Unsuspecting Borrowers
National Mortgage Professional - 1/22/2025
According to Intercontinental Exchange, Inc., nearly a third of the typical payment on a single-family home is now made up of taxes and insurance. And many owners have seen their property taxes increase, some by double digits.

This week, mortgage applications decreased 3.7%; new listings increased 8% year over year during the four weeks ending December 29; credit availability increased slightly in December; the Freddie Mac rate for a 30-year mortgage climbed to 6.93%; and home price growth continued to slow in October, growing at a rate of 3.60% year-over-year.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 1/8/2025
Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 3, 2025.

Redfin Reports New Listings Rise 8%, Giving the New Year’s Buyers More Homes to Choose From
Redfin - 1/3/2025
New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin.

Mortgage Credit Availability Increased in December
Mortgage Bankers Association - 1/9/2025
Credit availability increased slightly in December, driven by more offerings for ARMs and cash out refinances that are primarily for borrowers with better credit.

Mortgage Rates Climb Ahead of Friday’s Jobs Report
Realtor.com - 1/9/2025
The Freddie Mac rate for a 30-year mortgage climbed to 6.93% this week as the 10-year Treasury surged higher and the market prepared for Friday’s employment report.

U.S. Home Price Insights –  January 2025
CoreLogic - 1/7/2025
The CoreLogic HPI Forecast indicates that home prices will drop by -0.2% from November 2024 to December 2024 and increase by 3.8% on a year-over-year basis from November 2024 to November 2025.

Home Purchase Sentiment Drops in December amid Rising Mortgage Rates
Realtor.com - 1/7/2025
In December the Fannie Mae Home Purchase Sentiment Index decreased for the first time after four months of improvement.

More Than One-Third of Homeowners Say They’ll Never Sell
Redfin - 1/7/2025
More than one-third (34%) of U.S. homeowners say they’ll never sell their home, according to a recent Redfin-commissioned survey.

Americans Fled To Low-Tax States Again in 2024
Financial Advisor - 1/8/2025
High taxes inspired more Americans to move in 2024, with many opting for low-tax states while exiting those with some of the highest state income and property taxes, according to the Tax Foundation.

Home Prices Continue to Slow in October
Eye On Housing - 1/3/2025
Home price growth continued to slow in October, growing at a rate of 3.60% year-over-year, according to the S&P CoreLogic Case-Shiller Home Price Index.

U.S. home prices rise for second month - ICE
Mortgage Professional America - 1/6/2025
Annual home price growth ticked higher for the second consecutive month in November, increasing to +3.33% from +3.13% the month prior, with the Northeast and Midwest continuing to lead all regions.

Pending home sales increased for a fourth month in November to the highest level since early 2023; new home sales also jumped 5.9% in November; the Freddie Mac rate for a 30-year mortgage increased again this week, rising 6 basis points to 6.91%.; mortgage applications decreased 21.9% from two weeks earlier; and the number of homes actively for sale continues to be higher compared to last year, growing by 22.0%.

Pending Home Sales Advance To Highest Level Since Early 2023
Financial Advisor - 12/30/2024
Pending sales of U.S. homes increased for a fourth month in November to the highest level since early 2023 as homebuyers gave up hopes for lower borrowing costs.

New Home Sales Jumped 5.9 Percent in November as Rates Decreased
MortgageOrb - 12/23/2024
New home sales jumped 5.9% in November compared with December to reach an annual rate of 664,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Mortgage rates inch closer to 7% to close out 2024
CNN Business - 1/2/2024
The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.

December 2024 Monthly Housing Market Trends Report
Realtor.com - 1/2/2024
The number of homes actively for sale continues to be higher compared to last year, growing by 22.0%, a fourteenth straight month of growth, but due to seasonality have plummeted to their lowest level since June.

Mortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly Survey
Mortgage Bankers Association - 1/2/2024
Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 27, 2024.

Home-Price Growth Slows Slightly As Buyers Gain More Leverage
Financial Advisor - 12/31/2024
A national gauge of prices rose 3.6% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 3.9% annual increase in September.

Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold
Redfin - 12/30/2024
Active listings — the total number of homes for sale — climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year.

Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
Redfin - 12/27/2024
Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin.

First American: Home Price Appreciation Flattened in November
MortgageOrb - 12/27/2024
U.S. home prices decreased 0.1% in November compared with October, signaling that home price growth may have fully flattened since the first time since the pandemic, according to First American’s home price index.

At What Point Will Refinancing Become Worth It Again?
CoreLogic - 12/27/2024
Given that it is unlikely that mortgage rates will return to the historically low levels seen in 2020-2021, a refinancing boom seems improbable.