Weekly Housing Headlines

Mortgage applications increased 2.2 percent from one week earlier; home prices increased year over year by 3.4% in December 2024 compared with December 2023; Inventory remains elevated and prices continue to fall, but the pace of the market has slowed; mortgage delinquencies increased 3.98%; and home equity levels remained strong in Q4 2024.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/5/2025
Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 31, 2025.

U.S. Home Price Insights – February 2025
CoreLogic - 2/5/2025
The CoreLogic HPI Forecast indicates that home prices will drop by -0.2% from December 2024 to January 2025 and increase by 4.1% on a year-over-year basis from December 2024 to December 2025.

Weekly Housing Trends View — Data for Week Ending February 1, 2025
Realtor.com - 2/6/2025
Inventory remains elevated and prices continue to fall, but the pace of the market has slowed, with homes spending longer on the market than they did last year even when more homes are on the market at lower prices.

Mortgage Delinquencies Increase in the Fourth Quarter of 2024
Mortgage Bankers Association - 2/6/2025
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth quarter of 2024.

Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People
Redfin - 2/5/2025
Nearly 70% of single, divorced or separated people struggle to afford their regular rent or mortgage payments, compared to just over half (52%) of married people, according to a new report from Redfin.

U.S. home equity remains strong - report
Mortgage Professional America - 1/31/2025
Home equity levels across the U.S. remained strong in the fourth quarter of 2024, despite a slight quarterly dip in the percentage of equity-rich properties, according to ATTOM’s latest U.S. Home Equity & Underwater Report.

New tariffs could raise home prices and sideline potential buyers
CNBC - 2/3/2025
Tariffs on key building materials sourced from Canada and Mexico could make homes more expensive and freeze out buyers. Trump’s mass deportation plans could also pressure the market by reducing the construction labor force.

One in five people willing to move soon: Zillow
Scotsman Guide - 1/31/2025
Some 15% said their home was already listed, while 48% indicated they would consider selling within the next year. A further 36% said they would consider doing so in the next two or three years.

10 Things to Know About the Mortgage and Housing Markets Right Now: January 2025
CoreLogic - 1/31/2025
A strong U.S. economy and job market are helping most borrowers make their mortgage payments on time, but the share of delinquent borrowers edged up at the end of 2024. Let’s look at where the current landscape stands.

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing marketCNN Business - 2/4/2025
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation.