Mortgage spreads and the 10-year yield Mortgage spreads have been very damaging to housing demand over the past few years, as they’ve kept rates more elevated than normal. However, 2026 will be... Read more »
From NAR: “Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” said NAR Chief Economist Lawrence Yun. “However, inventory growth is beginning to stall.” My central theme... Read more »
What is the Trend in Home Sales in the US? The current trend in the U.S. housing market, specifically regarding existing home sales, indicates a significant upturn rather than a decline. In... Read more »
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks... Read more »
Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late... Read more »
Fannie Mae expects Q4 seasonally adjusted existing home sales to be 3.9 million on an annualized basis – the lowest since Q3 2010. Total home sales are projected to come in at... Read more »
From NAR: Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – fell 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October. Year-over-year,... Read more »