Housing Market News
Homebuying Demand Holds Up Even As Election Uncertainty, Stronger-Than-Expected Economy Push Up Rates
Pending sales and home tours remain fairly strong as mortgage rates rise to their highest levels since mid-summer and uncertainty around the election picks up.
Rising Mortgage Rates Haven’t Yet Slowed Pending Sales
Pending home sales posted their biggest increase since 2021 this week. But some house hunters are starting to pull back. Home sales are rising. Pending
Pending Home Sales Post Biggest Increase Since 2021
Home sales are rising in most major U.S. metros as housing payments sit near their lowest level since January, but they’re falling in coastal Florida
September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April
Pending home sales are flat from a year ago, marking the first time since January they haven’t declined; on a local level, sales are increasing
Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since May
Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut, and Redfin’s Homebuyer Demand Index shot up
Housing Payments Post Biggest Decline in 4 Years Ahead of Fed’s Historic Rate Cut, Which Could Lure Buyers Off the Sidelines
Monthly housing payments have declined nearly $300 from April’s all-time high. Improving affordability has yet to push up pending sales, but that could change after