Existing home sales

Mortgage rates steady near 6.15% as oil and jobs data pose risks

After spiking last week, mortgage rates remained relatively stable this week. But the question for housing market professionals is whether the brisk spring homebuying season that was anticipated at the start of 2026 will actually materialize due to rising headwinds. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.14%, their highest level in […]

Mortgage rates steady near 6.15% as oil and jobs data pose risks Read More »

Existing-home sales up in February, market faces spring challenges

U.S. existing-home sales rose slightly in February, increasing 1.7% from the previous month, though activity remained lower than a year earlier, according to new data released Tuesday by the National Association of Realtors (NAR). The organization reported sales reaching a seasonally adjusted annual rate of 4.09 million in February. Compared with the same month last

Existing-home sales up in February, market faces spring challenges Read More »

Housing demand is off to a solid start in 2026

Housing 2026 is off and going, and so far this year, with mortgage rates near 6% and mortgage spreads near normal levels, 2026 looks to be the first year of actual growth in existing home sales in years. Last week we had solid data in purchase apps and our weekly pending sales data — with

Housing demand is off to a solid start in 2026 Read More »

Existing home sales outlook improves as mortgage rates stabilize

Existing home sales have had a nice rise since mid-June, but what will it take for this sales growth trend to continue in 2026? Over the last few years, when rates drop noticeably, sales pick up, but then mortgage rates have shot up over 7% and taken away housing’s momentum. In 2026, are there key

Existing home sales outlook improves as mortgage rates stabilize Read More »

Logan Mohtashami’s 2026 housing forecast

2026 is upon us and for this year, I want to keep the housing discussion very simple. As active inventory has returned to near-normal levels and home-price growth has cooled, we are entering a year when buyers, sellers and buyers-to-be are on a much better footing than in the unhealthy housing markets of 2020 to

Logan Mohtashami’s 2026 housing forecast Read More »

Home price growth slows, affordability pressures persist

U.S. home price growth remained muted in October as high mortgage rates and affordability constraints continued to weigh on the housing market, according to data released Tuesday by S&P Dow Jones Indices. The S&P Cotality Case-Shiller U.S. National Home Price Index rose 1.4% from a year earlier — up slightly from a 1.3% annual increase

Home price growth slows, affordability pressures persist Read More »

Why 2025’s strong purchase application data didn’t boost home sales

Purchase application data had its first positive year in many years in 2025, meaning we had more positive than negative week-to-week data, and most of the year was positive year over year in almost every weekly print. However, existing home sales will likely be only slightly higher in 2025 than in 2024. So how could

Why 2025’s strong purchase application data didn’t boost home sales Read More »

Existing home sales hit 9-month high with inventory at 1.43M units

Existing home sales have been trending higher since June, when the monthly sales print bottomed at 3,930,000 for 2025. The question is: can this continue? Back in mid-June, the housing market started to shift, and then mortgage rates fell below the key 6.64% level and headed toward 6. This has given us 200,000 more sales

Existing home sales hit 9-month high with inventory at 1.43M units Read More »

Renovated homes are still a draw, but the edge is fading

Renovated homes continue to attract more online interest and sell faster than other older properties — but their long-standing fix-and-flip advantage has narrowed sharply as higher mortgage rates reshape buyer behavior, according to a new Realtor.com report. The analysis builds on earlier research showing fixer-uppers are priced 54.2% below the national median for single-family homes.

Renovated homes are still a draw, but the edge is fading Read More »

The Goldilocks case for home sales in 2026

Home sales are finally showing real momentum as we close out 2025. The trends are consistent enough to inspire me to sketch a Goldilocks case that results in very significant home sales growth 2026. What if we get lucky and the conditions land just right? First the data. The Altos weekly pending sales counts are

The Goldilocks case for home sales in 2026 Read More »