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% [...]
Pending Home Sales Increase as Home Values Continue to Accelerate
30 Second Market Update
May 05, 2025
Pending home sales, which measures signed contracts on existing homes, rose by 6.1% in March 2025 which was the largest monthly increase since December 2023—according to the National Association of [...]
Sellers Are Finally Having to Give Concessions
30 Second Market Update
April 28, 2025
According to Redfin’s national report, home sellers are increasingly offering concessions, such as covering repair costs or helping buyers with mortgage rate buy-downs, to close deals in today’s market. 44% [...]
Mortgage Insurance Premium Tax Write-Off Back On The Table
30 Second Market Update
April 21, 2025
A bipartisan group of lawmakers, led by Rep. Vern Buchanan (R-FL) and Rep. Jimmy Panetta (D-CA), has introduced the Middle Class Mortgage Insurance Premium Act to restore and expand the [...]
Consumers Are Poised to Act When Rates Present An Opportunity
30 Second Market Update
April 14, 2025
According to the Mortgage Bankers Association, mortgage applications jumped 20% the first week of April—the highest since September 2024—as falling interest rates sparked renewed activity in the housing market. Refinance [...]
