This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In the last few months, the market finally saw some sales growth over the previous year.
Unfortunately, we also had a huge spike in mortgage rates as the chaos of tariffs roiled markets, making U.S. So the question is, will this little bit of market momentum be able to hold up? Unsold inventory of homes on the market has been rising for years and is already at the highest level since 2019 nationally.
Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. This positive trend suggests that despite the typical slowdowns, the housing market is showing some promising resilience as we head toward the end of the year!
The past few days have been highly turbulent for the stock and bond markets, resulting in dramatic shifts in mortgage rate pricing. That’s because the labor data didnt warrant the bond market buying. However, we got as low as 3.87% recently due to market volatility. For the most part, we have stayed in that range.
In particular it’s created a glut of 30-plus-year-old units on the market, with few takers. One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida.
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. Los Angeles: A case study in market strain On the other U.S.
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.
Despite the frequency of departures, real estate agents in the state say the housing market 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 housing market has a 90-day average Altos Market Action Index score of 44.18 as of Jan.
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.
housing market 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. They keep the market healthy.
As the housing market 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.
Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. 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.
But when confronted with volatility in the markets, advisors who are more concerned with the risk of loss might start to slowly open themselves up to more conversations. While most of the broader tariffs have since been delayed by at least 90 days , theyre not all lifted and the market reacted tepidly in active trading on Thursday.
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%
Despite 2025 housing market 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.
ATTOM has released its latest Special Housing Risk Report , spotlighting county-level housing markets around the nation that are more or less vulnerable to declines, based on home affordability, equity, and other measures in Q4 2024. Less-vulnerable markets were clustered in various other areas of the Northeast, Midwest, and South.
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.
housing market is anything but stable right now and residents are feeling it. housing market 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 housing market. ’s job market. more homes on the market than 2024.
There will absolutely be increased pressure on the housing market as we come out of the wildfires that we’re seeing now, and that will be particularly difficult for rental properties, Brugger said.
But while Zillow did get its wish after NAR chose to uphold CCP for now, the trade groups new Multiple Listing Options for Sellers policy which creates the concept of a delayed marketing exempt listing has the potential to put some serious strain on Zillow and other listing portals like Realtor.com and Homes.com.
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 housing market. housing trends.
A month after launching its new Private Exclusive Listings (PX) feature, agent-driven offer, negotiation and collaboration platform Final Offer has acquired Private Collection , a source of listing information for off-market properties. Financial terms of the deal were not disclosed.
In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housing market, and other hot-button industry issues. The 2025 Industry Survey highlights the opportunities and challenges agents see in this evolving market and the increasing pressures brought on by economic uncertainty and industry reforms.
At the core of Zillows listing standards is the belief that if a listing is marketed to any home shoppers, it should be marketed to all home shoppers. Pareja said his viewpoint on this issue stems from leading a brokerage that operates in 23 markets outside of North America. where all the data is siloed, Pareja said.
The housing market has some of the worst sales numbers we’ve ever seen, but that’s not the vibe at the very highest prices. Today, I want to talk about the strength we’re seeing in the luxury market in Sacramento, and I’d love to hear from others around the country.
housing market 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.
NARs Multiple Listing Options for Sellers policy, announced last month , allows home sellers to delay the public marketing their properties when these listings appear on IDX websites and syndicated platforms. NAR is giving MLSs until Sept. 30 to implement the change at their discretion.
As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products. Well let the market tell us where to go from there.
Americas housing market isnt just cooling its frozen in place. With so few homes hitting the market , theyre forced to compete for a shrinking slice of inventory, often at inflated prices. Theyre trying to break into a market thats actively working against themwhere affordability is shrinking, not improving.
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 housing market. With a backdrop of market volatility, the spreads got worse last week. Stay alert for breaking news.
Volatility is becoming the new norm in today’s commercial real estate market. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. His words contain valuable knowledge that investors need to thrive in this market. A change is needed.
The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. It’s not booming. It’s not falling.”
Californians deserve a reliable insurance market that doesnt retreat from communities most vulnerable to wildfires and climate change , Lara said in a statement. My Sustainable Insurance Strategy is focused on addressing the challenges we face today and building a resilient insurance market for the future.
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.
housing market. more homes on the market now than a year ago. By the end of May there were 38% more homes on the market than the year prior. California and Arizona have 45% more homes unsold on the market now than a year ago. Texas only has 31% more homes on the market. There are 28.7% California and Arizona are.
Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year.
There are three big trends in the spring 2025 housing market: Supply continues to build. There are lots of markets around the country where home prices are already below last year at this time, but the national average has remained positive so far. 2025 has more homes on the market with price cuts than any March in the last decade.
Sellers are feeling nervous because a lot of them bought at the top of the market in 2021 and 2022, and will now be re-buying at a higher mortgage rate. Redfin analysts note that markets in Florida and Texas have already been adjusting to a slower pace for some time. Theyre worried about net proceeds, she said. Miami (down 13.1
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market 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 Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007.
The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. Its a stunning number given how bad the market was in the years after the financial crisis in 2008. Whether 2025 will be a better market depends on who you ask. According to NAR, existing-home sales finished 2024 at a dismal 4.06
housing market 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. Miami saw a 19.4%
percent)* above the November 2023 estimate of 611,000 The charts below provide insight into the current state of the new home sales market. Unlike the existing home sales market which is working from record lows, the new home sales sector never had that massive decline, so the bar is higher here. percent (18.6 percent (19.3
Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The bond market got spooked and mortgage rates jumped back over 7%. At the time, most mortgage market observers expected that rates had reached their peak and would generally decline in 2024, stabilizing at perhaps 6% or lower by now.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content