Remove 2026 Remove Contracts Remove Inventory
article thumbnail

What rising inventory means for the 2025 housing market

Housing Wire

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

Inventory 369
article thumbnail

Pending Home Sales Climb to Highest Level Since March

Appraisal Buzz

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing market pauses for election

Housing Wire

Inventory, new listings, sales, and prices all dipped this week. Given the confluence of trends right now, I do expect inventory and new listings to rebound again before the end of the month. Inventory growing Rising interest rates create rising inventory. to 8% and inventory spiked.

article thumbnail

Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Meanwhile, 2025 and 2026 will be off the charts. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? ” Ishbia says that the wholesale channel should reach 33% market share by 2026, compared to the current level of 22%. And 2025 and 2026 will be off the charts.

Retail 370
article thumbnail

DataDigest: Goldilocks and the big IMBs

Housing Wire

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. His prediction is that 2025 and 2026 “will be off the charts.” But servicing performance has been exceptional. Ishbia’s goal is to get the broker channel back to 33% overall market share. “It

Retail 370
article thumbnail

Appraising Kitchens

Appraisal Today

Highlights include: Industry Prep (ongoing) Industry training available on GSE websites: November 18, 2024 GSEs publish policy updates: June 4, 2025 ULDD Mandate: July 28, 2025 Limited Production: September 8, 2025 – January 25, 2026 Broad Production: January 26, 2026 – November 1, 2026 UAD 3.6 Mandate: November 2, 2026 UAD 2.6

article thumbnail

2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context. percent from 6.51