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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.
The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule goes into effect on March 1, 2026, according to the CFPB.
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. It previously predicted home-price growth of 2% in 2025 and 2026, but it has revised these upward to 3% and 4%, respectively.
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% Additionally, a staggering 10 million plus homeowners struggled with mortgage delinquencies.
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. With some improvement in mortgage rates and affordability, both home sales and refinance can come back pretty quickly. But, in order to get there, mortgage spreads must improve.
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.
The transaction will merge Redfins home search platform , which is comprised of 50 million monthly visitors, 1 million active purchase and rental listings and its network of over 2,200 agents, with Rockets mortgage services, with the goal of delivering “a more seamless experience from search to close, to servicing and future transactions.”
Data courtesy of Auction.com Higher levels of unemployment could cause more homeowners to become delinquent on their mortgages and lead to foreclosure, while slower price appreciation could mean they have less home equity to rely upon to pay debt or avoid a short sale.
Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. housingmarket. more homes on the market now than a year ago. However, mortgage rates were climbing to their highest level of the year at this time in 2024. This year its 2%.
Mortgage rates climbed in 44 U.S. 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. The national average rate on a 30-year mortgage peaked at 7.22% in May 2024.
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.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Wolak: Dunmor is trying to continue expanding as a leader in the high-quality residential mortgage origination space.
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 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. What does this mean for mortgage rates?
From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. In 1980, when boomers were entering their prime homebuying years, mortgage rates spiked above 16% and the average monthly home loan payment jumped 34% year over year. of their median income.
After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. 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.
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 expectation of 4.2
The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. Today’s decision not to raise rates will likely influence credit markets. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism.
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 mortgage industry has experienced significant contraction over the past two years, adjusting operations to align with the reduced demand for refinance and purchase financing. This decline, primarily driven by mortgage interest rates, which have more than doubled during this period, may soon be reversed. by the end of 2026.
Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. 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.
Our demographics were either too young or too old to be in the market to purchase homes. “Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”.
The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. Last week, Freddie Mac reported the 30-year, fixed-rate mortgage (FRM) at its lowest point since February 2023 , when they averaged 6.20%. A year ago at this time, the 30-year FRM averaged nearly a full percentage point higher at 7.18%.
FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 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.
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.
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 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. Mortgage Rates That holiday present from the Federal Reserve? rise and a 6.2%
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 trillion in 2026 (previously $2.37 trillion in 2026 (previously $2.37
Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housingmarkets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 24 months.
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.
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.
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. 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 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. Things are going really well.
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.
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 were diffidence to list as they held onto their low pre-pandemic mortgage rates, but life changes and shifting needs brought more activity, with competitive pricing becoming necessary. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
Many homeowners were hesitant to sell because of the low pre-pandemic mortgage rates, but life changes and necessity led to increased activity, making competitive pricing essential. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
Many sellers were reluctant to list due to low pre-pandemic mortgage rates, but increased activity emerged from necessity and life changes , with competitive pricing becoming essential. To learn more about Massachusettss performance, click here to read the2024 Massachusetts Year in Review.
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