Now that jobs week is over, we are all left with one truth: it really is about the labor market over inflation data when it comes to mortgage rates, which hit a fresh year-to-date low after Friday’s terrible jobs numbers. The question now is whether mortgage rates can drop below 6% and stay there with […]
Can mortgage rates get below 6% with this Federal Reserve? Read More »
Nationally, existing home sales remain muted even as housing inventory grows, according to a new First American analysis of the 75 largest U.S. metropolitan areas. Inventory in July was nearly 20% higher than a year ago, yet the flow of new listings rose only 5% compared with 2024. That distinction matters, said Odeta Kushi, deputy
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Inside Real Estate has released HomeSearch AI — a new search and client engagement platform designed to let users input natural language to find listings and help real estate professionals reengage dormant leads. The platform incorporates technology from ListAssist — a company Inside Real Estate acquired earlier this year — along with features from BoomTown
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Housing inventory growth has been slowing down since the last two weeks of June, as mortgage rates have been trending lower. However, last week we saw an actual decline week to week, which is rare for this time of year compared to recent years. What does this mean? Has active inventory peaked? Our new listings
Did lower mortgage rates already lower housing inventory? Read More »
Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. Why is this important? Because in the last three years, when mortgage rates fell from 6.64% to 6%, housing demand has improved. Now the question is: can rates go lower? 10-year yield and mortgage rates In my 2025 forecast, I anticipated the
How much lower can mortgage rates go after Friday’s jobs report? Read More »
In a week marked by discussions of the potential firing of Federal Reserve Chair Jerome Powell and inflation data, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads. Mortgage spreads have improved significantly since 2023, leaving us just 0.49% from normal levels, based on the data we use. This means we can achieve
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Real estate technology company Rayse has launched a seller-focused module aimed at helping listing agents provide clearer communication and real-time updates to clients throughout the sales process. The new tool is the company’s first major product expansion since its 2024 launch. Originally focused on buyer-side transactions, Rayse is now offering agents a way to document
Rayse expands platform with new home seller tools Read More »
One of the most surprising pieces of housing economic data for 2025 is that purchase apps for the existing home sales market have shown 22 weeks of year-over-year growth. And that includes nine consecutive weeks of double-digit year-over-year growth in recent weeks. Normally, this would be a significant news story, but the confusion surrounding this
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The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
New listings slowdown shows lack of home seller stress in 2025 Read More »
One of the most encouraging data points for 2025 so far is that new listings have finally emerged from a two-year slump, exceeding 80,000 per week during the seasonal peak period. The question is: Have we already seen the highest new listings print for the year? We are currently in the seasonal period where we
New listings slump. Have home sellers already called it quits? Read More »