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Lower mortgage rates are spurring housing demand

Housing Wire

Additionally, our weekly pending contract data and new listings are trending positively compared to last year. Weekly total pending sales The latest weekly total pending contract data from Altos offers valuable insights into current trends in housing demand.

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The two big housing market trends to watch in 2025

Housing Wire

The three years in the post-pandemic housing market have been marked by very few sellers 60,000 new listings in a given week vs. 80,000 in years’ past. Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. These are unsold new listings.

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Lower mortgage rates spark housing demand heading into spring

Housing Wire

Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. However, our shorter weekly contract data lines are showing improvement. And remember, mortgage rates fell to around 6% in late 2022 and early 2023.

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What to expect from the 2025 housing market

Housing Wire

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. New listings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there.

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Home sales are stalled with 7% mortgages

Housing Wire

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397
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How are mortgage rates affecting housing demand?

Housing Wire

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Still, when it’s all said and done, 2024 will be the second-lowest new listings year in history.

Mortgage 514
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The unexpected strength of home prices this year

Housing Wire

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. Home prices ticked up this week.

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