Housing Wire

MARCH 8, 2025

Mortgage rates are declining, and recent purchase application data shows a promising 9% week-to-week increase and a 2% rise compared to the previous year. I’ve noticed that housing data tends to improve when mortgage rates drop from 6.64% to 6%, especially when I adjust for seasonal demand.

Mortgage 411

Mortgage Inventory New Listings Housing Market 411

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. Two and a half years. We know sales are inching up, too.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

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

Housing Wire

FEBRUARY 23, 2025

If this happens, will we see lower mortgage rates this spring? However, last week saw a decline in mortgage rates due to softer economic data, which led to an influx of money into the bond market as stocks sold off on Friday. We need to be more mindful of the labor data as we go further into 2025.

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Government Mortgage Inventory New Listings 451

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. This is something to think about for 2025. However, that didn’t happen. million in October.

Mortgage 492

Mortgage Housing Market Inventory Contracts 492

Housing Wire

NOVEMBER 23, 2024

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. share a week prior.

Mortgage 397

Mortgage Contracts Government Inventory 397

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 15, 2025

With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier, according to the Mortgage Bankers Association s (MBA) weekly mortgage applications survey, released today. The share of refinance mortgage activity increased to 42.7% Bond yields in the U.S. from 16.2%

Mortgage 370

Mortgage Contracts Marketing 370

Housing Wire

JANUARY 30, 2025

Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising, Lawrence Yun, NARs chief economist, said in a statement. in the West.

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Contracts Housing Market Buyers Realtors 424

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

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Investors Mortgage Property Taxes Inventory 429

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. ” According to the report, 54.5%

Inventory 488

Inventory Sellers Housing Market Contracts 488

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. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. These increases are persisting despite mortgage rates near 7%.

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Inventory Buyers Housing Market Mortgage 435

Housing Wire

JANUARY 13, 2025

This is the trend that will be the theme for 2025. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year. Bond markets have driven mortgage rates back to the highs, and home sales are suffering. That means 4.2

Sellers 418

Sellers Inventory New Listings Contracts 418

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.

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New Listings Inventory Contracts Sellers 369

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. Thats not true now, so we should expect inventory to begin building for the year in February 2025. In 2018, mortgage rates and inventory rose all year.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

Housing Market 504

Housing Market Marketing Inventory New Listings 504

Housing Wire

FEBRUARY 5, 2025

Mortgage applications increased 2.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association s (MBA) weekly mortgage applications survey for the week ending January 31, 2025. The refinance share of mortgage activity increased to 39.0% the previous week.

Contracts 342

Contracts Mortgage Government Marketing 342

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. At the end of November, there were 1.33

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

JANUARY 29, 2025

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Associations (MBA) latest weekly mortgage applications survey. 24, 2025, include an adjustment for the Martin Luther King holiday.

Mortgage 281

Mortgage Contracts Government Inventory 281

Housing Wire

FEBRUARY 3, 2025

Lets take a look at the data for the final week of January 2025. That trend is likely to continue until mortgage prices come back down. Home prices contract The median price for home sales contracts entered this week was at $389,700. This might reverse the trend and push home prices higher in 2025. A shrinking U.S.

Sellers 400

Sellers Inventory New Listings Contracts 400

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum.

Inventory 475

Inventory New Listings Sellers Contracts 475

Appraisal Buzz

FEBRUARY 24, 2025

After hitting a two-year high in September 2024, mortgage refinance activity is once again slowing as interest rates remain elevated. While refinancing demand surged briefly when rates dipped, it quickly contracted again following another rate spike in October 2024. in October 2024, the average 30-year fixed mortgage rate fell to 6.1%

Contracts 374

Contracts Mortgage Appraisal 374

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. of homes that went under contract last month.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Last year was weak as mortgage rates were hitting 8%. Mortgage rates were super high and inventory was building. That difference can be attributed to mortgage rates staying higher for longer through September.

Inventory 393

Inventory New Listings Sellers Contracts 393

Housing Wire

FEBRUARY 26, 2025

Mortgage applications decreased by 1.2% from last week on a seasonally adjusted basis, 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 38.9% of total applications from 38.7% the previous week.

Mortgage 207

Mortgage Contracts Inventory Buyers 207

Housing Wire

MARCH 10, 2025

Are there any signs of sales growing for 2025? See the purple line for 2025 keeps coming in just below 2024. Last year at this time, mortgage rates were heading higher to peak in May at 7.5%. This year, if current trends hold, we could already be past that point in 2025. in 2025 over the previous year.

Inventory 374

Inventory New Listings Housing Market Sellers 374

Appraisal Buzz

JANUARY 17, 2025

Homebuyer demand dipped at the end of the year as mortgage rates continued to climb. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December and have been rising sincein part because the Federal Reserve projected fewer 2025 interest-rate cuts than anticipated. a year earlier.

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Housing Wire

MARCH 6, 2025

Union Home Mortgage (UHM) is suing nine former employees on claims they breached several agreements, including non-compete agreements. National Mortgage News , which first reported the lawsuit, noted that APM is not listed as a defendant in the complaint.

Mortgage 252

Mortgage Loan Officers Contracts Lending 252

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397

Contracts Loan Officers Best Value Legal 397

Appraisal Buzz

JANUARY 30, 2025

According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% The uptick is likely due to some residual benefit from falls lower mortgage rates, which could fade. month-over-month. 10.7% -0.7%

Sellers 332

Sellers Inventory New Listings Contracts 332

Housing Wire

FEBRUARY 10, 2025

This indicates slow market stabilization and continued inventory growth throughout 2025. Every year, we have fewer people “locked in” with ultra-cheap mortgage rates , meaning that sellers are slowly returning to the market. If you are assuming that inventory will surge in 2025, this trend may prompt you to think twice.

Sellers 327

Sellers Inventory New Listings Contracts 327

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Lower mortgage rates are having a positive impact on application levels, with the Mortgage Bankers Association (MBA) reporting last week that applications were up 3.9%

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

FEBRUARY 25, 2025

The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housing market. “It is expected that we will see slower price growth in early 2025 as inventory increases and affordability continues to be a constraint.”

Housing Market 360

Housing Market New Listings Inventory Sellers 360

Appraisal Buzz

JANUARY 31, 2025

According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Median asking price $407,225 5.2%

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New Listings Sellers Buyers Mortgage 390

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based). ” he said.

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Mortgage Modernization Technology Development 459