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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. In 2025, housing affordability in the U.S. The elephant in the room is affordability.
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.
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.
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
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.
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.
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.
As the housingmarket grows more competitive, rental scams are adding financial and emotional strain to renters nationwide. Common tactics include promoting desirable locations (57%), below-market prices (55%), and immediate availability (52%). According to Rentlys Rental Scams and Fraud Report , 93% of U.S.
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. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market.
Homebuyers have become older and wealthier Young people are having a particularly hard time in the housingmarket. As home prices climb further and further out of reach, first-generation homebuyers trying to break into the market must rely on increases in their earnings to increase their buying potential.
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? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed.
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. I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market. HW: Lets dive into some demographic shifts.
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.
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.
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.,
Realtor.com has revealed its Top HousingMarkets for 2025 , highlighting the areas ready for growth in the year ahead. Sun Belt Boom Realtor.coms top 10 are all located in the South and West, with multiple markets from three statesTexas, Florida, and Virginia. of their income on housinghigher than the national average of 29.2%.
The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.
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. There’s still a lot of first-time homebuyers in the market too. While the U.S.
As housing affordability reached its lowest point since 2006, one group stood out in defying market trendssingle women. 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.
As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years.
Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. Home sales in 2024 have been well below historic norms. But even investors have purchased fewer homes this year. Same with the iBuyers.
In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housingmarket, and other hot-button industry issues. The post Industry Survey Gauges Real Estate Agents HousingMarket, Career Sentiment first appeared on The MortgagePoint.
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” Zillow predicts 4.3
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 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.
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.
Many homeowners kept their homes off the market because they were worried values would diminish, and some house hunters canceled contracts because they were nervous about insurance costs and potential future fires. What Regional Markets Are Gaining Momentum? The areas median sale price increased 5.1% The post How L.A.s
Americas housingmarket isnt just cooling its frozen in place. Its the result of a uniquely American mortgage structureone that unintentionally punishes mobility and paralyzes housing supply. With so few homes hitting the market , theyre forced to compete for a shrinking slice of inventory, often at inflated prices.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. have continued to surge.
Florida was one of the hottest destinations during the pandemic, but the states housingmarket might be coming down to earth. Redfin agents in the state say that its now a buyers market where sellers have to make concessions to bring buyers to the table. Eight of Floridas metropolitan markets have record-high active listings.
Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. 14, we’ve seen them move lower. In the coming months, we will see if the U.S.
The market is not great, so we aren’t often dealing with multiple-offer situations. Due to these conditions, Dwiggins and other industry professionals believe there won’t be much of an impact on first-time buyers until the housingmarket strengthens, leading some sellers to potentially stop offers of buyer broker compensation. “If
During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025. To kick off the live conversation, Velt asks a question about the current challenges facing the housingmarket in 2025. Jeff, I’ll start with you.
Lindsay Brugger, vice president of urban resilience at the Urban Land Institute , said that as LA moves forward to rebuild, the region is unfortunately already struggling to provide affordable and attainable housing.
The Federal Reserve didnt raise or cut interest rates today, but the meeting highlighted something I have been emphasizing since 2022: the Fed is shaping its policy around the labor market more than inflation. However, the Fed only cut rates when they believed the labor market was softening in the second half of 2024.
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housingmarket, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A
Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housingmarket. With a backdrop of market volatility, the spreads got worse last week. Stay alert for breaking news.
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.
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
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. ” Low-priced homes — those priced in the bottom one-third of their local market — comprised 45.7% As the U.S. Now there’s a middle ground.
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
While the Fed’s policy rate range of 4.75% to 5% is lower than where it was for the past year, it is still much higher than what many market observers consider a neutral rate needed to spur borrower demand. “We We are at recessionary levels for housing permits for five-unit housing. With mortgage rates back above 6.5%
The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. Again, the theme holds: the labor market is getting softer but not breaking.
Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.
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