Home Sales Dip in June, But Median Home Prices Hit Record Highs
30 Second Market Update
July 28, 2025
Existing home sales fell 2.7% in June 2025, according to the National Association of REALTORS®. Sales dropped month-over-month in the Northeast, Midwest, and South, but rose slightly in the West. […]
No Tax On Home Sales Act Bill Introduced to Congress
30 Second Market Update
July 21, 2025
Representative Marjorie Taylor Greene has introduced the No Tax on Home Sales Act, a bill aiming to eliminate the federal capital gains tax on the sale of primary residences. She […]
Interesting New Source of US Treasuries Purchasing Demand
30 Second Market Update
July 14, 2025
As U.S. debt keeps growing and new spending adds to the deficit, more Treasuries will need to be issued—putting pressure on the bond market. There’s also concern about who will […]
MBA Weekly Survey Reports an Increase in Mortgage Applications
30 Second Market Update
July 07, 2025
Mortgage applications rose 2.7% for the week ending June 27, 2025, according to the Mortgage Bankers Association. The increase was driven primarily by a 7% gain in refinance applications, which […]
May Home Sales Rose Slightly but Prices Hit a Record High
30 Second Market Update
June 30, 2025
In May, U.S. existing home sales rose slightly by 0.8% from April to an annualized rate of 4.03 million, defying forecasts of a decline. However, sales remained 0.7% below last […]
Mortgage Down Payments Decline As Buyers Favor Cheaper Homes
30 Second Market Update
June 23, 2025
In April 2025, U.S. homebuyers put down less money on home purchases for the first time in nearly two years, with the median down payment dipping 1% year-over-year to $62,468, […]
Fannie Mae Reports Consumer Sentiment on Housing Reaches 2025 High
30 Second Market Update
June 16, 2025
Consumer confidence in the housing market reached its highest level of 2025 in May, according to Fannie Mae’s latest Home Purchase Sentiment Index (HPSI). The index rose to 73.5—up 4.3 […]
Homeowners Hold on Average $17.6 Trillion in Home Equity
30 Second Market Update
June 09, 2025
ICE Mortgage Technology’s June 2025 Mortgage Monitor reveals that homeowners now hold a record $17.6 trillion in home equity, with $11.5 trillion classified as tappable — available for borrowing while […]
New Home Sales Surge Almost 11%
30 Second Market Update
June 02, 2025
Sales of new homes saw a significant uptick in April, rising 10.9% from March to reach a seasonally adjusted annual rate of 743,000 units, according to data released by the […]
Home Prices Continuing to Rise
30 Second Market Update
May 26, 2025
Cotality released their Home Price Insights report for the month of March, and it showed that home prices across the country rose 0.6% month over month and 2.5% year over […]
Mortgage Applications Increase in Latest MBA Survey
30 Second Market Update
May 19, 2025
Mortgage applications increased by 1.1% for the week ending May 9, 2025, according to the Mortgage Bankers Association. This rise was driven primarily by a 2% increase in purchase applications, […]
Mortgage Rates Heading in The Right Direction
30 Second Market Update
May 12, 2025
Mortgage applications rose 11% in the week ending May 2, 2025, according to the Mortgage Bankers Association. Both refinance and purchase applications increased 11% week-over-week, with refinance activity up 51% […]
