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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 418
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How 7% mortgage rates will change housing for a decade

Housing Wire

Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. 2016 ended with 14% less available inventory than the year before. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. had these cheap mortgages.

Mortgage 488
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Pending Home Sales Climb to Highest Level Since March

Appraisal Buzz

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

Contracts 418
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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We in 2025, indicating four more 25 bps cuts.

Inventory 488
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Mr. Cooper to acquire Home Point Capital for $324M in cash

Housing Wire

The transaction will ultimately result in the seller shutting down operations. Per the transaction, Mr. Cooper is acquiring all outstanding shares of Home Point and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. billion in 2022, a 71.6% decline compared to 2021.

Legal 418
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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.

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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

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. How many is unclear.

Realtors 445