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Federal Reserve Chairman Jerome Powell played the Grinch last week for the housingmarket, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand.
All the housingmarket data for 2024 is in, and its fair to say that the housingmarket surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The elephant in the room is affordability.
ATTOM has released its latest Special Housing Risk Report , spotlighting county-level housingmarkets around the nation that are more or less vulnerable to declines, based on home affordability, equity, and other measures in Q4 2024. HousingMarkets Are Most At-Risk? They included four in the Washington, D.C.,
A Growing Market Force With increasing education levels, rising incomes, and financial discipline, single women are proving to be a resilient and growing force in the housingmarket. housing trends. The post Single Women Defying HousingMarket Trends first appeared on The MortgagePoint.
Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housingmarkets. That phenomena is still one of the many long-lasting consequences of the 13-year-old housingmarket bubble that has occurred across the country.
Despite the frequency of departures, real estate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housingmarket has a 90-day average Altos Market Action Index score of 44.18
The COVID-19 pandemic turned a number of nontraditional cities into housingmarket hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Indianapolis has an affordable housingmarket that will make it attractive.
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
housingmarket is anything but stable right now and residents are feeling it. housingmarket using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housingmarket. ’s job market. housingmarket.
As the housingmarket grows more competitive, rental scams are adding financial and emotional strain to renters nationwide. The post More Renters Fearing Scams in Tight HousingMarket first appeared on The MortgagePoint. The post More Renters Fearing Scams in Tight HousingMarket appeared first on Appraisal Buzz.
What will the housingmarket look like in 2025? For a more comprehensive look, read our 2025 HousingMarket Forecast covering home prices, home sales volumes and more. Frankly, it feels like the housingmarket is contracting a bit now in November. Find out more here.
Homebuyers have become older and wealthier Young people are having a particularly hard time in the housingmarket. Adult children of renters who want their children to have a better chance at achieving the American dream must figure out how to break into the housingmarket without family help.
If youre thinking about buying or selling a house and wondering about the housingmarket, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Is It a Buyers Market?
Southern housingmarkets have dominated growth lists over the last few years, and a report by CoreLogic today shows Southern markets are still hot. The two non-southern housingmarkets in the top 10 were Boise City, Idaho at nine and Las Vegas at 10. The top three metros are Lakeland, Florida.
Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. HW: What housing trends do you think will continue in 2025 and why?
Weve now been in the post-pandemic housingmarket recession market as long as we were in the pandemic boom. Does the housingmarket start to get back to normal? Each week has very few sellers, but lower demand means longer time on market and growing inventory of unsold homes. Two and a half years.
ATTOM has released its latest Special HousingMarket Impact Risk Report , a study examining county-level housingmarkets around the U.S. The report shows that California, New Jersey, and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix.
housingmarket has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. While the U.S. year over year, respectively.
Realtor.com has revealed its Top HousingMarkets for 2025 , highlighting the areas ready for growth in the year ahead. Combined with moderate price points in the top markets, these programs are helping make homeownership accessible to more families. Click here for more on Realtor.coms Top HousingMarkets for 2025.
housingmarket particularly its levels of affordability, available inventory and accessibility for those with mobility or cognitive challenges presents a unique challenge for older Americans on fixed incomes. The state of the U.S. This has led to a failure to properly serve the senior cohort.
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. The post HousingMarket Forecast: Unpredictable Mortgage Rates to Shake Up 2025 first appeared on The MortgagePoint. As 2025 draws near, mortgage rates are once again in the news. Pets deserve homes too!
Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housingmarket. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?
Zillow is predicting a more active housingmarket in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. Zillow is forecasting that housingmarket activity will pick up in 2025 – but the big wildcard is mortgage rates, which will remain unpredictable.
Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Home sales in 2024 have been well below historic norms. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash.
While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housingmarkets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers.
The luxury real estate market is on a growth trend early in 2025. This success pushed one of the countrys top luxury real estate brands to a strong year for sales volume. Sothebys International Realty recently released its 2024 performance report. According to the report, Sothebys did $157 billion in global sales in 2024, and its U.S.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housingmarket conditions ranking among their top fears, according to a recent survey by Clever Real Estate. These markets also have larger supplies of homes, with about 3.5
Existing home sales ended the year on a positive note , which aligns with our weekly HousingMarket Tracker data, but something surprising is that home prices firmed up late in the year as well. However, housing demand surged when mortgage rates fell in the early 1980s during a recession. Also, the monthly supply is 3.3
Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housingmarket many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. housingmarket revolves around the direction of the 10-year yield. Only time will tell because, as always for me, the U.S.
housingmarket slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. in neighboring Fort Lauderdale, indicating growing apprehension for the Florida housingmarket. As the U.S. Now there’s a middle ground.
Fluctuating interest rates have been a feature of the housingmarket over the last three years. Our 2025 housingmarket predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. As mortgage rates rose, homebuyer demand slowed and inventory grew.
Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housingmarkets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordability.
Sturtevant added that although wage growth is certainly good for the housingmarket, how exactly the labor market will impact housingmarkets will depends on where the workers are doing those jobs.
Despite this, we’re still hanging on at the upper end of the mortgage rate forecast, and its worth noting that the housingmarket has shown signs of improvement only when mortgage rates approach the 6% mark.
Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our HousingMarket Tracker. However, they did, and this is the second time over the past two years that mortgage rates just heading toward 6% changed housingmarket dynamics. However, that didn’t happen.
Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housingmarket could start out strong. “There remains significant pent-up demand in the housingmarket, but what could bring more home buyers out in the near-term? Sturtevant said in a statement.
The housingmarket in 2024 was about as frustrating for the real estate industry as you can imagine. Whether 2025 will be a better market depends on who you ask. HousingWires comprehensive 2025 housingmarket forecast calls for existing-home sales to be slightly higher at 4.2 million and Bright MLS expecting 4.4
” Palim continued: “The housingmarket in 2025 faces a difficult balancing act, with a notable decline in mortgage rates likely needed to help unwind the lock-in effect and thaw the supply of existing homes for sale. .’ Since the beginning of October, mortgage rates have rebounded after bottoming out around 6.1%
With fluctuating mortgage rates and economic pressure in the housingmarket, foreclosure activity ramped up in October 2024. Foreclosure Market Report on Tuesday. In related news, mortgage delinquencies were also up in October, indicating a downturn as the housingmarket shifts into 2025.
But Sturtevant also highlighted economic turmoil as a risk due to potentially higher inflation rates and labor market issues. “Economic uncertainty does put at risk a strong first quarter housingmarket. Housingmarket activity ramped up in November and December. NAR data showed a 6.1%
While assessing the full scale of the damage could still take months, the short-term effects on the two state’s housingmarkets were immediately visible — the markets came to a complete halt. In the days right before and after Hurricane Milton battered central Florida, two highly responsive metrics went into free fall.
The spring housingmarket is still trying to spring. There are plenty of weak signals in the housingmarket, of course. There are plenty of weak signals in the housingmarket, of course. The unsold inventory of homes on the market across the country is 28% greater than last year at this time.
The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housingmarket. “While home prices are still rising, the index lags current housingmarket conditions,” Lisa Sturtevant , chief economist for Bright MLS , said in a statement.
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