Weekly Housing Headlines

Mortgage applications increased 5.4% from one week earlier; alternative mortgages, such as non-QM, have seen double-digit growth recently; refinance surged in September and October, as more than 300,000 mortgage refinances closed – the most in 2.5 years; credit availability tightened considerably in November; and the median listing price fell by 1.2% year over year, while new listings increased 16.5% post-Thanksgiving.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 12/11/2024
Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 6, 2024.

Alternative mortgages see double-digit growth as borrowers seek flexibility
Mortgage Professional America - 12/11/2024
More borrowers are turning to non-qualified mortgages, home equity lines of credit and second mortgages, according to the latest report from Mortgage Capital Trading.

Refinance Volume Surged in September-October as Borrowers ‘Ditched Their Newly Acquired Mortgages’
MortgageOrb - 12/10/2024
More than 300,000 mortgage refinances closed, the most in 2.5 years, according to ICE Mortgage Technology’s Mortgage Monitor report.

Weekly Housing Trends View — Data for Week Ending Dec. 7, 2024
Realtor.com - 12/12/2024
The median listing price fell by 1.2% year over year, while new listings increased 16.5% post-Thanksgiving and adjusted to 2.6% after accounting for holiday timing.

Mortgage Credit Availability Decreased in November
Mortgage Bankers Association - 12/10/2024
Credit availability tightened considerably in November, pushing the index to the lowest level in five months.

Home price growth to decelerate in 2025 and 2026: Fannie Mae survey
Mortgage Professional America - 12/6/2024
The Q4 2024 Home Price Expectations Survey shows that housing experts anticipate home price growth to ease from the 5.2% national average expectation in 2024 to 3.8% in 2025 and 3.6% in 2026.

Younger Americans Who Bought Their Homes During the Pandemic Will Be 2025’s Biggest Sellers
Realtor.com - 12/11/2024
Homeowners in their 30s and 40s will be the most active group of sellers in 2025, with 27% of homeowners aged 30 to 39 and 28% of homeowners aged 40 to 49 indicating they expect to sell in the coming year.

Top Housing Markets for 2025
Realtor.com - 12/10/2024
A big bump in home sales could come for some places characterized by moderately affordable homes, abundant inventory and a sizable base of younger families, according to the latest projections from Realtor.com.

Homeowner Equity Insights – Q3 2024
CoreLogic - 12/6/2024
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties) have seen their equity increase by a total of $425 billion since the third quarter of 2023, a gain of 2.5% year over year.

Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall
Redfin - 12/12/2024
Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin.