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Lower mortgage rates spark housing demand heading into spring

Housing Wire

This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year. Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand.

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Housing market data positive despite Powell’s Grinch act

Housing Wire

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. Weekly inventory change (Dec.

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Will 2025 finally be a “normal” housing market?

Housing Wire

New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. Hard to say, but like the slight growth in new listings, seeing a slight growth in home sales is an optimistic view of the housing market. is $384,900 now.

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Here’s what is happening in local housing markets across the country

Housing Wire

Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range. Exclusive access to the HW+ Slack community and virtual events. Become a member today. Already a member?

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Lower mortgage rates are slowing down inventory growth

Housing Wire

While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. I did get a bit excited two weeks ago with the pick-up of new listings as mortgage rates fell, but we didn’t get as good a follow-through this week. Weekly inventory change (Aug.

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Will a wider war in the Middle East push mortgage rates higher or lower?

Housing Wire

Things are hapenning fast with mortgage rates, which is why I update HousingWire’s Mortgage Rate Center page with analysis every weekday morning — looking at how the bond market reacts to economic data or an event that can move rates. Last year, it was savagely unhealthy that new listings data was trending at the lowest recorded levels.

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Housing inventory falls as mortgage rates drop

Housing Wire

25 -Sept 1): Inventory rose from 503,924 to 509,562 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 was last week at 704,744 For some context, active listings for this week in 2015 were 1,204,810 New listings data New listing data is experiencing its traditional seasonal decline.

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