This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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. A few states have more homes on the market now than any time in the last eight to 10 years.
But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.
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. million in 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% Our population was too young or old to actively participate in the home-buying market actively, tilting the scale toward renting instead.
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.
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. Although this is not the news housing industry professionals were hoping for, McKeveny does see hope on the horizon. The market is reaching this coiled spring point, he said.
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.
housingmarket. more homes on the market now than a year ago. By the end of May there were 38% more homes on the market than the year prior. California and Arizona have 45% more homes unsold on the market now than a year ago. Texas only has 31% more homes on the market. There are 28.7% Thats next spring.
The rule goes into effect on March 1, 2026, according to the CFPB. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work. But these arrangements come with several caveats, according to the CFPB.
The changes to the corporate tax rate were “permanent,” while the changes to the individual provisions were limited to 10 years and are scheduled to snap back to their prior levels in 2026. MSRs are booked as a balance sheet asset when loans are sold into the secondary market and show as book earnings at that time.
The deal is projected to boost Rockets adjusted earnings per share by late 2026. .” Rocket expects the merger to generate over $200 million in run-rate synergies by 2027, including $140 million in cost savings from streamlining operations and $60 million in revenue gains by connecting financing clients with Redfin agents.
The HCV program helps very-low-income families, senior citizens, and people with disabilities afford stable and quality housing in the private market. Previously limited to eligible properties in just North Carolina and Texas, EHC is now available to borrowers in all U.S.
Notably, the neighborhood section has vanished, replaced by a section titled Market. The new market section in the report demands specific data points, charts, and minimal commentary. Market area The geographic region, for a subject property, from which most demand comes and in which most of the competition is located.
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 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).
There are promising signs that the market could rebound in 2025 if interest rates moderate significantly, bringing new opportunities and growth potential. While the real estate and mortgage industries have experienced challenges thus far, a reduction in interest rates could inject new energy into the market for Q4 and into 2025.
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.
So, those are all indications showing that 2025 will be a stronger year for the housingmarket, especially for the BPL sector. We still see a more modest advance for new single-family home construction.
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.
With the Federal Reserve beginning a series of interest rate cuts , the housingmarket is expected to see some improvement, but for now, homebuyers in most states continue to feel the squeeze. Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief.
FHFA explained some of the actions it has taken to address housing inequality. million families under the Equitable Housing Finance Plans ”by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias,” the agency stated. The effective date for this provision is Feb.
The Federal Open Markets Committee paused its interest-rate hikes on Wednesday for the second time this year. Other labor market indicators, such as job openings and the unemployment rate , also point to a cooling economy, Danielle Hale, chief economist at Realtor.com noted. next year and to reach 2% in 2026, he added.
But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.
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. Future renewals?
Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year. Executives had set a goal of achieving positive cash flow by 2026 in its investor day in September. As million year over year. “Our As of Sept.
Our demographics were either too young or too old to be in the market to purchase homes. I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. housingmarket like these bearish Americans and foreign citizens were screaming about in 2020 and 2021. Going back to point No.
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. in May, the biggest drop of any housingmarket in America. Arizona alone agreed to forgo 1.8
Powell at the conclusion of today’s Federal Open Market Committee (FOMC) meeting. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.” of total applications from 46.7
The housingmarket is “stuck” and may stay that way for the next two years. […] See Dave, Henry, James, and Kathy at BPCon2024 in Cancún, Mexico! Grab your ticket here!
A well-appointed kitchen can significantly enhance a property’s appeal and marketability. Let’s dive into appraising kitchens and how the room impacts market value. Excerpts: sprawling Lake Tahoe estate known as Shakespeare Ranch hit the market on Monday for $188 million.
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. Bond markets have increased 10-year yields in response to election outcomes and better data.
The market started as a sellers market but gradually shifted toward buyers with a surge of activity later in the year, setting the stage for a rebound in 2025. 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.
This should have sparked the fading embers of an otherwise chilly housingmarket in Seattle/King County in the final days of 2023. December’s housing activity in King County was marked by shriveling supply amid fewer listings hitting the market in what is traditionally a low point of the real estate year. But by how much?
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?
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. Buyers remained motivated despite affordability challenges from rising rates and home prices.
Despite challenges, the market showed resilience with strong price growth. The Fort Lauderdale condo market faced challenges due to rising insurance costs and climate concerns, especially in flood-prone areas. Rising insurance premiums added to the cost of homeownership, potentially affecting affordability.
Newz: DEI and Appraisers, New GSE Market Analysis Deadline Feb. Unparalleled 3-Mansion Compound on Miamis Exclusive Palm Island Splashes Onto the Market for $150 Million DEI and Appraisers Fannie and Freddie Forecasts Fannie, Freddie: New Market Analysis Requirements February 4th Mortgage applications decreased 2.0
The market started as a sellers market but gradually shifted toward buyers with a surge of activity later in the year, setting the stage for a rebound in 2025. 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.
The market started as a sellers market but gradually shifted toward buyers with a surge of activity later in the year, setting the stage for a rebound in 2025. 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.
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. The year started as a sellers market but transitioned toward buyers, with renewed activity and hopes for a rebound in 2025.
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. However, the inventory increases in Florida now expands far beyond SWFL.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content