Latest Updates Around The World
Mortgage spreads and the 10-year interest rate Mortgage spreads have been very damaging to housing demand in recent years as they have kept interest rates higher than normal. However, 2026 will be the first year where spreads start the year near normal and could be back within their normal range this year This means that […]
By NAR: “Sales of existing homes rose for the third month in a row due to lower mortgage rates this fall,” said Lawrence Yun, NAR’s chief economist. “However, inventory growth is starting to stagnate.” My central theme when selling existing homes has always been that the bar is so low that we can trip over […]
7 key factors 1. Buyers are tired of waiting: Americans have been postponing their moves for almost four years. Some of that latent demand is now being activated. In Sun Belt markets like Austin or Naples, buyers suddenly have ample inventories, less competition, softer prices and incomes that have risen significantly since 2022. Add in […]
Unlike standard search filters, the system responds dynamically to comments or follow-up questions. For example, a home buyer may comment that a kitchen “needs to be more modern” or adjust criteria after the AI suggests broadening the search area. “We always knew that a search can feel like looking for a needle in a haystack,” […]
Total sales of existing homes in September Total sales of existing homes for September, from NAR: An increase of 1.5% existing home sales month-on-month to a seasonally adjusted annual rate of 4.06 million. 4.1% increase in turnover year on year. Based on our Housing Market Tracker data, we noticed a slight increase in demand year-on-year […]
Looking forward, however, purchasing applications have just had their best eight weeks of the year and this data line usually only reflects 30-90 days later in the sales data. So we can still see a growth in the existing home sales as the year progresses. We really need 12-14 weeks of consistently positive weekly purchase […]
Mortgage news daily his data is based on rates listed to borrowers with the best credit profiles that the fixed rate of 30 years this week fell to 6.57%. That is the lowest figure since October 2024. Conversely, the data of Housingwire powered by Polly -which depends on locked loan rates for all borrief profiles […]
