Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. These increases are persisting despite mortgage rates near 7%. ” Housing industry experts attribute the recent increases in pending home sales to a shift in buyer attitudes about mortgage rates.

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

FEBRUARY 28, 2025

Forecasts for the housing market in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. With some improvement in mortgage rates and affordability, both home sales and refinance can come back pretty quickly. But, in order to get there, mortgage spreads must improve.

Housing Market 410

Housing Market Inventory Buyers Mortgage 410

Appraisal Buzz

DECEMBER 30, 2024

Key Takeaways Interest rates should continue to decrease in 2025. Housing inventory will likely still be low in 2025, and demand could increase. Will Interest Rates Go Down in 2025? Good news: Mortgage rates will likely continue going down in 2025! But 510% is okay, too, if youre a first-time home buyer.

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Housing Wire

DECEMBER 16, 2024

While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Among the 10 NAR highlights there are common themes existing affordability, lower lock-in effect on mortgages, strong job growth and high migration. Locked-in mortgages have been widely credited with cutting off housing inventory.

Housing Market 418

Housing Market Marketing Inventory Realtors 418

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. For existing home sales, Zillow forecasts 4.3

Housing Market 365

Housing Market Marketing Buyers Construction 365

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. As a result, housing affordability remains a challenge, with buyers spending about 31.1% While these areas generally offer lower home prices than the national average, incomes tend to be lower as well. above the U.S.

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Housing Market Marketing Inventory Government 418

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.

Real Estate 397

Real Estate Housing Market Marketing Realtors 397

Housing Wire

MARCH 4, 2025

March figures to be a crucial month for gauging consumer interest in the 2025 housing market. The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week.

Mortgage 472

Mortgage Contracts Buyers Housing Market 472

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025.

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

DECEMBER 9, 2024

As we look into 2025, the question everyone is asking is: Do we have a new era starting? The MBAs mortgage applications data has been surprisingly strong. During that time, mortgage rates continually moved lower. We expect that growth to continue in 2025. During this period, there were fewer sellers and many more buyers.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

DECEMBER 17, 2024

The median buyer is now 56 years old, up from 49 in 2023. Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. 26, 2025 and hear Daryl Fairweather in person.

Housing Market 397

Housing Market Marketing Buyers Real Estate 397

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. After the hurricanes , we got hit with spiking mortgage rates and then the election.

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Housing Market New Listings Marketing Inventory 448

Housing Wire

MARCH 5, 2025

Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. ” The refinance share of mortgage activity increased to 43.8%

Mortgage 505

Mortgage Government Contracts Buyers 505

Appraisal Buzz

JANUARY 9, 2025

In 2025, Florida and the Mid-Atlantic are the greatest locations for first-time homebuyers to begin their road toward home ownership. Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1%

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Buyers Investing Inventory Marketing 370

Housing Wire

JANUARY 27, 2025

In recent weeks, home sales also faltered in the face of 7% mortgage rates. Now some of them are sliding below the year prior, which is driven by relentlessly high mortgage rates. Lets take a look at the data for the third week of January 2025. This market is at a standstill as long as mortgage rates are above 7%.

Inventory 393

Inventory Sellers New Listings Contracts 393

Appraisal Buzz

NOVEMBER 5, 2024

election and mortgage rate volatility, the mixed signals around the current state of the U.S. And while the mortgage rate and economic outlook is full of questions, home prices are likely to maintain their leveled path until early next year when buyers return to the housing market.” Besides the uncertainty regarding the U.S.

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Housing Market Mortgage Buyers Appraisal 395

Housing Wire

JANUARY 17, 2025

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. While the Fed recently dropped rates another quarter, they are insisting that rate cuts will be nominal at most moving into 2025.Just Inflation and high rates have created hurdles for many first-time buyers.

Real Estate 369

Real Estate Buyers Sellers Marketing 369

Housing Wire

DECEMBER 16, 2024

It created a buyer representation certificate for agents. This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5% In 2025 and beyond, Hanna said he hopes these innovations lead to more growth.

Real Estate 368

Real Estate Brokerage Agents Buyers 368

Appraisal Buzz

FEBRUARY 5, 2025

Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. Those two scenarios have foreclosure auction volume increasing in 2025. This data provides forward-looking insight into retail housing market trends.

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Retail Inventory Housing Market Sellers 334

Housing Wire

JANUARY 15, 2025

The year 2025 will be transformative for real estate. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities. For real estate professionals and mortgage lenders , these challenges heighten the risk of deal cancellations and complicate the closing process.

Real Estate 366

Real Estate Insurance Marketing Clients 366

Housing Wire

FEBRUARY 27, 2025

Homebuyers faced worsening affordability conditions in January as the median monthly mortgage payment for purchase applicants increased to $2,205, a 3.7% jump from Decembers $2,127, according to the Mortgage Bankers Association (MBA). in December, signaling that mortgage payments have risen at a faster pace than rental costs.

Mortgage 370

Mortgage Buyers Housing Market Marketing 370

Housing Wire

FEBRUARY 5, 2025

However, if home prices hadn’t skyrocketed alongside mortgage rates , we would have more younger homebuyers entering the market and we would have a slightly higher homeownership rate than todays 65.7% Additionally, a staggering 10 million plus homeowners struggled with mortgage delinquencies.

Buyers 440

Buyers Housing Market Marketing Mortgage 440

Housing Wire

FEBRUARY 11, 2025

High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli.

Renovations 357

Renovations Mortgage Property Taxes Buyers 357

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. Digital tools played a significant role in simplifying the loan application process for homebuyers.

Mortgage 459

Mortgage Loan Officers Tools Technology 459

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

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Mortgage Training Construction Investors 301

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% More specifically, 56.1% Another 37.8%

Buyers 418

Buyers Renovations Housing Market Home Improvement 418

Housing Wire

DECEMBER 30, 2024

Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024.

Inventory 488

Inventory Sellers Housing Market Contracts 488

Appraisal Buzz

JANUARY 8, 2025

during the final two full weeks of 2024, mortgage application volume continued to sink 3.7% during the week ended January 3, as the average rate for a 30-year, fixed-rate mortgage continued to climb to 6.99%, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. After dropping 21.9% the previous week.

Mortgage 195

Mortgage Government Buyers Appraisal 195

Housing Wire

JANUARY 20, 2025

Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. Theres signal that the price buyers are paying is declining too.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Appraisal Buzz

JANUARY 8, 2025

The increase coincided with Freddie Macs announcement that 30-year fixed-rate mortgages increased to about 7% at the start of 2025the highest level since July 2024. Despite the fact that mortgage rates are predicted to be high for the remainder of the year, buyer demand in more budget-friendly markets is healthy.

Mortgage 389

Mortgage Buyers Appraisal Marketing 389

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. As of December 12, the 30-year fixed-rate mortgage averaged 6.6%, according to Freddie Mac. Sales increased 6.1% Sales rose 6.8%

Inventory 396

Inventory Realtors Buyers Contracts 396

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

DECEMBER 11, 2024

The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales. Luxury buyers who were already homeowners also saw a rise in home equity. The number of homes sold at $1 million or higher rose by 5.2%

Housing Market 370

Housing Market Marketing Buyers Real Estate 370

Housing Wire

JANUARY 30, 2025

High mortgage rates have not significantly dented housing demand due to greater numbers of cash transactions. Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housing market could start out strong. Economic data never moves in a straight line. in the Northeast, 4.9%

Contracts 424

Contracts Housing Market Buyers Realtors 424

Housing Wire

NOVEMBER 12, 2024

As 2025 approaches, state-funded down payment assistance (DPA) programs are helping veterans , service members and surviving spouses achieve their dreams of homeownership. In 2024, second-lien mortgage programs (20) stand out with the highest number of veteran-tailored DPA programs.

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Design Realtors Finance Mortgage 397

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. So, mortgage rates have been declining for several weeks now.

New Listings 369

New Listings Inventory Contracts Sellers 369

Housing Wire

FEBRUARY 5, 2025

Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record. But these ratios vary significantly across local markets.

Retail 415

Retail Renovations Buyers Finance 415