- 4 positive readings
- 3 negative readings
- 2 flat prints
We have recently observed a few weeks of positive year-over-year growth, a trend that has been rare in the past few years.
While mortgage rates have seen a slight increase recently, there is still optimism. Maintaining a positive trend even with rates around 6.64% could lead to a rise in home sales if rates drop towards 6%.
The duration of lower mortgage rates is crucial. Further insights on this topic were discussed in a recent episode of the HousingWire Daily podcast, where the data and its implications were analyzed.
Comparing last year’s weekly data when mortgage rates ranged between 6.75% to 7.50%, there were:
- 14 negative prints
- 2 flat prints
- 2 positive prints
There was no significant year-over-year growth reported when comparing 2024 and 2023. Notably, mortgage rates dropped to around 6% in late 2022 and early 2023, only to slightly increase to 6.63% by early 2024.
Weekly pending sales
The latest weekly pending contract data from Altos provides valuable insights into current trends in housing demand. While there has been a slight but consistent decline in pending sales year over year due to the rise in mortgage rates late in 2024 and throughout 2025, there is room for improvement.
Weekly pending contracts for the past week over the previous years were:
- 2025: 333,385
- 2024: 345,502
- 2023: 320,804