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Real Estate Rundown May 2025
May 01, 2025
Home price growth is beginning to slow, with a modest 0.2% monthly increase in March and the annual growth rate dipping to 4.6%, the lowest in nearly a year and a half. Meanwhile, pending home sales jumped 6.1%, signaling renewed buyer interest spurred by lower mortgage rates and increased inventory. ...
Real Estate Rundown April 2025
April 01, 2025
The housing market showed signs of recovery in February, with contract signings rising 2%, led by a 6.2% jump in the South. While mortgage rates remain steady, uncertainty keeps markets volatile, and even minor economic data can sway rates. Forecasts suggest moderate mortgage rate declines through 202...
Real Estate Rundown March 2025
March 01, 2025
Mortgage rates have dropped to a two-month low, but mortgage demand remains weak as home prices stay high due to low inventory. Despite rising home prices, particularly in the Northeast, sluggish sales and economic uncertainty persist. Home-purchase cancellations surged in January, especially in the S...
Real Estate Rundown February 2025
February 01, 2025
The 2025 U.S. housing market will see gradual price increases, regional differences, and ongoing affordability challenges despite slightly lower mortgage rates. The Federal Reserve’s pause on rate cuts and higher tariffs may keep mortgage rates volatile and raise construction costs, limiting supply. W...
Real Estate Rundown January 2025
January 02, 2025
The housing market is poised for a rebound in 2025 with rising home sales, stabilizing mortgage rates near 6%, and growing inventory, though affordability challenges persist for first-time buyers. Meanwhile, homes linger on the market longer, especially in Florida and Texas, due to high costs and unde...
Real Estate Rundown December 2024
December 02, 2024
The 2025 housing market is expected to improve modestly, with higher home sales, more inventory, and a shift toward smaller, affordable homes. Mortgage rates remain unpredictable, though dips could spark buyer and refinancing activity. Pending home sales have risen significantly, signaling strong mome...
Real Estate Rundown November 2024
November 01, 2024
Despite high mortgage rates and election uncertainties, U.S. home sales remain unexpectedly active. Pending home sales saw annual increases in September and October, driven by a brief drop in mortgage rates. However, mortgage rates have since rebounded above 7%, which may dampen activity moving forward.
Real Estate Rundown October 2024
October 01, 2024
The U.S. housing market has shown resilience despite higher mortgage rates and declining sales, with home prices remaining relatively stable due to low inventory and steady demand. A recent Federal Reserve rate cut has boosted mortgage applications and demand, leading to an increase in new listings. A...
Real Estate Rundown September 2024
September 01, 2024
The U.S. housing market is showing signs of slowing down, as reflected in multiple indicators. Home price growth continues to stall, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index rising only 0.2% in June, and annual price growth slowing to 5.4%. Pending home sales fell 5.5% in Jul...
Real Estate Rundown August 2024
August 01, 2024
In June, existing home sales fell by 5.4% to an annual rate of 3.89 million, and the total housing inventory increased by 23.4% from the previous year, though affordability challenges persisted for first-time buyers. The Federal Reserve kept interest rates unchanged at 5.25% to 5.5%, with potential ra...
Real Estate Rundown July 2024
July 01, 2024
Mortgage rates dipped to 6.86%, the lowest in three months, fostering optimism for homebuyers amid expectations of further declines through summer. Despite a 4.6% decline in pending home sales, May witnessed an uptick in listings and reduced monthly housing costs, with the average 30-year fixed mortga...
Real Estate Rundown June 2024
June 01, 2024
Based on the provided summaries, here is a very short summary of the blog Could The Market Be Balancing To A Buyer’s Market. The real estate market, currently a seller's market, is moving towards balance with increased housing supply and high mortgage rates. The market shows signs of equilibrium but s...