Weekly Housing Headlines

Mortgage applications increased 2.3% from one week earlier; shelter prices accelerated last month, rising 0.4% versus 0.3% in December; home prices rose in Q4 2024 as nearly 90% of metro areas saw gains; almost a quarter of all home listings saw a price cut in January; and the Mortgage Bankers Association’s Mortgage Credit Availability Index rose by 2.5% to 99.0 in January.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/12/2025
Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 7, 2025.

U.S. inflation heats up to 3% for first time since June
CNN Business - 2/12/2025
Shelter prices accelerated last month, rising 0.4% versus 0.3% in December; however, those gains were driven by substantial increases in home insurance and lodging-away-from-home, categories that are typically volatile.

U.S. home prices keep rising as nearly 90% of metro areas see gains
Mortgage Professional America - 2/7/2025
Home prices continued to climb across most U.S. metro areas in the fourth quarter of 2024, with nearly 90% of markets reporting gains, according to the latest report from the National Association of Realtors.

The number of homes offering price cuts hits seven-year high
Scotsman Guide - 2/12/2025
Nearly a quarter of all home listings saw a price cut in January, yet another indicator that sellers are growing more motivated to sell and the so-called ‘lock-in’ effect caused by high mortgage rates is starting to ease.

Mortgage Credit Availability Increased in January
Mortgage Bankers Association - 2/11/2025
The Mortgage Credit Availability Index rose by 2.5 percent to 99.0 in January, driven by conventional credit supply rising to its highest level since June 2022.

CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16 Percent to $583 Billion in 2025
Mortgage Bankers Association - 2/10/2025
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16 percent increase from 2024’s estimated total of $503 billion.

Weekly Housing Trends View — Data for Week Ending Feb. 8, 2025
Realtor.com - 2/13/2025
Inventory remains elevated, and by a growing margin, offering buyers considerably more options compared with last year. Prices also continue to fall, hovering just below year-ago levels for the 16th week in a row.

Homebuying Pessimism Grows, Affordability Woes Persist
National Mortgage Professional - 2/7/2025
The latest update to the Fannie Mae Home Purchase Sentiment Index shows an increase of 0.3 points in January to 73.4, marking a slight recovery after homebuying sentiment fell last month for the first time since July.

Foreclosure filings climb in January – will this continue through 2025?
Mortgage Professional America - 2/13/2025
Foreclosure activity in the U.S. ticked upward in January, up 8% from the previous month, according to ATTOM’s latest Foreclosure Market Report.

Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
Redfin - 2/13/2025
Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. The typical home that sold in January was on the market for 56 days.