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 […]
Mortgage spreads are almost back to normal Read More »
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
Why mortgage purchase apps are on a 22-week growth streak Read More »
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 »
According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general
Why foreclosures are still below pre-pandemic levels Read More »