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Pending home sales surged in December: NAR

Housing Wire

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job increase between 2024 and 2025 to a pace of 5.35

Contracts 449
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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. billion was unsecured debt, with $650 million notes at 5.357% due in October 2025, which is expected to be replaced. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

Contracts 368
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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot. For comparison, lenders funded $2.4

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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. More on this in a moment.)

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New 2024 USPAP Q&As

Appraisal Today

To see the Listing with 49 photos, Click Here == The housing market has ’80s vibes January 23, 2024 By Ryan Lundquist Excerpts: The housing market has ’80s vibes. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. by the fourth quarter. Jan 8, 2024.

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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. January offered a glimmer of hope as owners put 1875 of their King County homes on the market (single-family, townhome, condo combined). in Q1 2025 (6.3%) 5.6%

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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. More home sellers enter the market There were 11% more new sellers this week than last year at this time.

Sellers 440