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NAR’s Pending Home Sales Index Sinks to All-Time Low

NAR’s Pending Home Sales Index Sinks to All-Time Low

by Phil Hall | Feb 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
Q4 Lending Down While Refinance Activity Rises

Q4 Lending Down While Refinance Activity Rises

by Phil Hall | Feb 27, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.64 million mortgages for residential properties were issued during the fourth quarter of 2024, according to new data from ATTOM. This represents a 3% drop from the third quarter, but it was also a 14% spike from the fourth quarter of 2023. ATTOM noted...
New Single-Family Home Sales Sank in January

New Single-Family Home Sales Sank in January

by Phil Hall | Feb 26, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses during January were at a seasonally adjusted annual rate of 657,000, according to estimates published by the US Census Bureau and the Department of Housing and Urban Development. January’s sales activity was 10.5% below the revised...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Feb 26, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slipped during the week ending Feb. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from...
S&P/Case-Shiller Index Hits 19th Straight All-Time High

S&P/Case-Shiller Index Hits 19th Straight All-Time High

by Phil Hall | Feb 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index recorded a 3.9% annual return for December, up from a 3.7% annual gain in the previous month. December’s upswing marked a 19th consecutive all-time high for the index. The 10-City Composite saw an...
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