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As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic.
One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. In fact, while home prices are higher than a year ago, inventory has increased at the rate price appreciation has decreased.
Zillow also reported that, after a tumultuous five years, many measures of the housingmarket are trending closer to historic norms. Notably, while the flow of new listings to the market is still nearly 14% lower than it was before the COVID-19 pandemic, its much improved to compared to the deficit of 25% in March 2024.
Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months. According to the Realtor.com and WSJ HousingMarket Ranking, homebuyers have focused on mid-sized, reasonably priced regions in the Midwest and Northeast, even if housing prices are still high.
The National Association of Realtors (NAR) was one of the more bullish forecasters of the 2025 housingmarket, but the trade group has revised its outlook. NAR also updated its 2026 projections. Despite the slightly less optimistic view, Yun was upbeat about where the market is headed. The worst for inventory is over.
Forecasts for the housingmarket in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. Due to this, McKeveny and the folks at Zelman are expecting meaningful growth in home sales and origination volumes in 2026. There’s really no shortage of demand, Hale said.
With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its looking like the housingmarket wont see much of a thaw in 2025, Fannie Maes Economic and Strategic Research (ESR) Group says in a recent report.
“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housingmarket. Austin fits the classic example of a boom/bust housingmarket, where a collapse is taking place.” That’s a factor too of higher inventory.” Meaning that margins are being aggressively compressed.
Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. The forecast also incorporates two other less likely scenarios with differing macroeconomic and housingmarket assumptions.
The housingmarket cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. in 2025, indicating four more 25 bps cuts.
The 2024 housingmarket is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housingmarket. HousingWire’s 2025 forecast of 3.5% million).
The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housingmarket ever for first-time buyers.“ Still, these ratios were far higher during the peak years of the boomer-led housingmarket of the 1980s.
Further, we will do everything we can to support a strong labor market as we progress toward price stability.He indicated that Federal Open Market Committee (FOMC) participants were targeting the federal funds rate to be at 5.1% by the end of 2026. by the end of 2024, 4.1% by the end of 2025, and 3.1%
Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory.
I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. Up for the challenge, I created the phrase the forbearance crash bros , knowing that the housing crash addicts in America lack a financial credit profile risk analysis background. The lowest rate we have seen so far is 62.9%.
The mortgage rate dip is welcome news for the housingmarket, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026.
Concurrently, the Colorado River is also in the midst of one of the worst droughts seen in over 1,200 years, and Arizona, California and Nevada agreed last week to collectively conserve 3 million acre-feet of river water through 2026. The story is much the same in the Phoenix metro, which saw active home inventory fall 9.8%
The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. While a rate cut will give an immediate boost to purchasing power for potential homebuyers, the pent-up demand, limited available inventory, and high home prices mean that purchasing power increase may not mean much in practical terms.
As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. Strong homebuilding in recent years tends to be associated with relatively free markets.
When the inevitable happens and the overinflated housingmarket comes crashing down, the FHFA and its decision-makers will have no one to blame but themselves. Mandate: November 2, 2026 UAD 2.6 Early 2026 New UAD in full production. Mandate: November 2, 2026 All lenders must use UAD 3.6 percent the previous week.
ResiClub analyzed September inventory data just released from Realtor.com. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate potential future pricing weakness. Conversely, a rapid decline in active listings could suggest a market that is heating up.
Many sellers were hesitant to list due to low pre-pandemic mortgage rates, but market activity picked up as a result of necessity and life changes , making competitive pricing becoming crucial. For a deeper dive into New Hampshires performance, click here to read the 2024 New Hampshire Year in Review.
This should have sparked the fading embers of an otherwise chilly housingmarket in Seattle/King County in the final days of 2023. In other words, the housingmarket was in deep hibernation and the conditions should only improve from here. Inventory fell in terms of months of supply across the county. in November.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
This episode of The MovotoMic Podcast dives into the latest housingmarket headlines, unpacking 2025 real estate forecasts, affordability challenges, and shifting trends driven by climate risks. So it’ll be just like we are reading the housingmarket news to you with an expert. Is that true?
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
With low pre-pandemic mortgage rates, many sellers were hesitant to list , but shifting circumstances and changes in life led to more movement in the market, making competitive pricing becoming essential. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
Due to historically low mortgage rates, many sellers were timid to list , but necessity and life changes led to increased market activity, with competitive pricing becoming essential. Even as costs climbed, homeownership remained exciting , offering financial security through stable payments, equity appreciation, and tax benefits.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
—————————————————————————————- 3-Mansion Compound on Miamis Exclusive Palm Island Splashes Onto the Market for $150 Million Excerpts: 3 homes, 92,00 sq.ft. 300 linear ft.
In 2024, the Massachusetts real estate market saw slightly more sales and higher prices than 2023, reflecting national trends driven by strong demand and limited inventory. As long as inventory is tight and buyers are competing for homes, prices will continue to hold firm. Average prices for closed sales increased by 7.4%
The number of homes placed under contract (pending) increased by 5% Limited inventory has sustained prices by maintaining demand that exceeds supply. Despite affordability challenges, prices continue to climb as limited inventory fuels competition among motivated buyers, frequently resulting in multiple offers and elevated sales prices.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial.
As Anthony stated in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. Despite affordability concerns, homeownership remained pleasurable , providing long-term benefits like stable payments, equity growth, and tax advantages.
In 2024, the New Hampshire real estate market experienced slightly more sales and higher prices compared to 2023, aligning with national trends fueled by strong demand and constrained inventory. As long as inventory remains limited and buyers continue to compete for available homes, prices are expected to stay strong.
In 2024, the South Florida single-family housingmarket saw rising prices, inventory remained tight, and sales declined slightly. Despite challenges, the market showed resilience with strong price growth and stable demand. Rising insurance premiums added to the cost of homeownership, potentially affecting affordability.
As Anthony shared in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
As Anthony stated in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.. Despite rising costs, homeownership remained appealing due to fixed payments, equity growth, and potential tax benefits, reinforcing its long-term value over renting.
As Anthony mentioned in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 set to be a historic year for the industry as sales return to normal levels. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
Inventory rose over the past two years, giving buyers more selection in the market. The easing of market gridlock signals that 2025 is likely to see continued improvement. Many sellers, hesitant to part with their pandemic-era mortgage rates, had kept inventory tight, leaving buyers with limited options.
As Anthony noted in his 2025 Predictions , I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
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