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However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In 2025, housing affordability in the U.S. That growth is in jeopardy if we stay at the high end of the mortgage rate range into the first quarter 2025. These are unsold newlistings.
Home prices in 2025 are a couple percentage points above where they were last year at this time. Newlistings To get a lot of homes on the market though we need some sellers. There were only 54,000 newlistings of single-family homes unsold this week. Unsold newlistings amount to 4.8%
Better mortgage spreads are limiting how high rates can rise in 2025. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025. However, spreads have improved in 2024 and 2025, which is helping to limit how high mortgage rates can go this year. In 2023, spreads reached as high as 3.10%.
What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , newlistings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more.
Inventory is still very tight in places like Chicago and New England, but it is rising in these markets. And 2025 is poised to continue the trend of rising inventory across the country. Well probably finish 2025 with 15% more homes available than we have now. How will that impact home prices in 2025?
As we look into 2025, the question everyone is asking is: Do we have a new era starting? What can the data today tell us about signals for growth or weakness after the new year? Newlistings on trend Nationally, there were just 31,000 newlistings for single-family homes from the last week which included Thanksgiving weekend.
According to Zillows estimate, a prediction of gradually falling mortgage rates in 2025 portends modest growth in both sales and home price appreciation. By 2025, that figure ought to increase somewhat to 4.16 In 2025, home prices are expected to increase by 2.2%, which is exactly in line with the 2.3% 28 New York $680,934 7.0%
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. million in 2025.
Lets take a look at the data for the third week of January 2025. In 2025, the price appreciation curve is flatter still. Even though the best new inventory hits the market each week, these are being priced fractionally cheaper than last year. Home sellers and listing agents know where demand is for homes. It is negative.
In 2025, mortgage rates have ranged between 7.26%-6.64%. However, as mortgage rates started to rise late into 2024 and have stayed elevated in 2025, that has facilitated a slight but consistent decline in pending sales year over year. With that in mind, read my labor model for 2025 after the jobs report on how you get there!
10-year yield and mortgage rates In my 2025 forecast, I anticipate the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70% So far in 2025, we have consistently been near the upper end of the year’s forecast.
The New Years week was expected to be slow, so it’s no surprise that newlistings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.
in 2025, according to the Q2 2024 Fannie Mae Home Price Expectations Survey (HPES) —conducted in collaboration with Pulsenomics, LLC. Listings have trended generally upward of late, suggesting to us that a rising number of current homeowners can no longer put off moving. Following a 6.6% in 2024 and 3.2% projection.
Newlistings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. Are there any signs of sales growing for 2025? See the purple line for 2025 keeps coming in just below 2024. in 2025 over the previous year.
There were 45,000 newlistings for single-family homes across the country this week, which is a big jump. This is the trend that will be the theme for 2025. Were expecting inventory to grow for 2025 and end the year with about 15% more homes on the market. I do not expect a flood of new sellers, but we do see growth.
Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Last week at HousingWires Housing Economic Summit in Dallas, I shared the data on why I expect that the same 6% threshold will be what were facing in 2025. In this chart were looking at the unsold newlistings.
17, total active listings were at 806,701, down 16.2% However, newlistings have stabilized, ticking up slightly since the beginning of September. “In one week, we had the biggest decline in newlistings data all year, which might indicate Americans are giving up on listing their homes.
24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 Newlistings data While active inventory didn’t rise, we did get a nice boost in newlistings this last week.
Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Weekly inventory change (Dec. I still consider this a positive outcome.
Lets take a look at the data for the final week of January 2025. This might reverse the trend and push home prices higher in 2025. Weve forecasted 15% gains in inventory for the calendar year 2025 over 2024. Newlistings drop There were just under 49,000 newlistings unsold for single-family homes this week.
In a new episode of the Top of Mind podcast , host Mike Simonsen sits down with Orphe Divounguy, senior economist at Zillow. They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. Simonsen: Is there any recession risk now and as we look at 2025?
Newlistings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the newlistings stat has grown with slightly more sellers. This indicates slow market stabilization and continued inventory growth throughout 2025. While there were 3.8%
Active listings of homes for sale rose to the highest level since early in the pandemic. Newlistings hit the highest level since July 2022, increasing 1.9% Newlistings: Newlistings rose most in Seattle (30.8%); Oakland, California (27.7%); and Sacramento, California (25%). They climbed 0.3%
“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.
So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Newlistings Each week this spring we’ve been tracking the newlistings volume. In total, newlistings data is 14% more than last year.
According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. But newlistings activity grew by 9.1% million and a 15.8%
Lets look at the Altos Research data for this week, the middle of January 2025. Newlistings lower than last week Inventory is building because of demand weakness, not because of supply growth. In fact, it seems like the high mortgage rates are holding back newlistings, too. Thats up 1.25% from last week.
AirDNA, a provider of short-term rental (STR) analytics, has released its 2025 Outlook Report , predicting steady growth and stabilization for the U.S. by the end of 2025. This recovery will be fueled by sustained demand growth and a marked slowdown in new supply. 2025 will be a dynamic year for growth, Lane emphasized.
Compass also said it is not seeing any changes in newlistings with regard to commission offers, whether on the Compass platform or on multiple listings services (MLSs). It’s launching a beta version of its client dashboard in October, with full rollout finishing at the beginning of 2025.
February 2025 Housing Metrics National Metric Change over Feb. 2019 Median listing price -0.8% (to $412,000) +39.2% Active listings +27.5% -23.1% Newlistings +4.2% -13.7% Median days on market +5 days (to 66 days) -9 days Share of active listings with price reductions +2.2 2024 Change over Jan. pp West 37.4%
Remember that even though we are showing growth year over year — 2023 was the lowest levels of newlistings ever recorded in history. This week, the data did dive, but it was the traditional drop we see during the Memorial Day weekend and we will have a rebound in the data line next week.
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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. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. Home prices ticked up this week.
Newlistings Last week, 59,000 new single-family listings came to market. Newlistings volume continues to run ahead of last year and we see more sellers than last year. In fact, last week, after including the 16,000 immediate sales, there were 24% more newlistings than the same week a year ago.
Newlistings rise There were just under 61,000 newlistings unsold this week. So, the newlistings volume last year was low and dropping. While it’s late in the year, you could say that the weekly newlistings are in the “old normal” range now. I think that’s the key.
“It is expected that we will see slower price growth in early 2025 as inventory increases and affordability continues to be a constraint.” ” She noted that the wildfires in Los Angeles have already driven rents higher, and home prices will be pushed up in the surrounding areas as displaced homeowners search for new homes.
As newlistings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks. Highlights Four weeks ending January 26, 2025 Year-over-year change Median sale price $377,125 4.8% Median asking price $407,225 5.2% Median asking price $407,225 5.2%
The number of newly listed houses was 10.8% This puts the number of newlistings at its highest January level since 2021 and indicates that sellers are becoming more interested in the market. The percentage of mortgage holders with a rate below 6% dropped to 83% from 88% a year earlier, according to a new Realtor.com analysis.
Newlistings are down 2.5% In order to ascertain whether more home tours ultimately result in more home sales and whether more sellers begin selling their properties as we settle into 2025, Redfin will closely monitor pending transactions and newlistings over the coming weeks. The post New Year New Home?
Inventory, NewListings and Pending Sales Overview Newlistings increased by 7.9% more newlistings compared to last year. Newlistings are still 23.3% Inventory (the number of listings active at any time during the month) in May increased by 7.4% through May 2025. There were 12.6%
Newlisting numbers are low There were just 59,000 newlistings unsold this week for single-family homes. There were another 10,000 newlistings that immediately sold. The median price of the newlistings is $399,999, also unchanged for the week. Both of those numbers are very low.
There’s nothing in the data that says 2024 is going to accelerate, so the most optimistic scenario we’re watching for is stability and maybe poised for a sales recovery in 2025. Newlistings come at slow rate On the newlistings side, we’ve covered the slow rate of sellers now for two full years.
“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” ” Sekisui claims it has delivered over 2.62 million homes worldwide through several brands, including Woodside Homes, Holt Homes , Chesmar Homes and Hubble Homes. That’s a 1.2%
New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when newlistings of homes for sale in the U.S.increased 7.9% A larger pool of options is becoming available to homebuyers as a result of the increase in newlistings and the decline in sales.
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