Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 2025

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 2025

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, July 31
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»Housing demand positive, but at risk from higher mortgage rates
Real Estate

Housing demand positive, but at risk from higher mortgage rates

January 11, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Our weekly pending contract data is still showing positive year-over-year growth, albeit only by 1%, as demand growth has slowed due to higher mortgage rates. This raises questions about the outlook for the spring housing market. Let’s delve into the data to understand what we can anticipate.

Weekly pending sales

The latest weekly pending contract data from Altos Research provides valuable insights into real-time trends in housing demand. While the data has consistently shown growth compared to 2022 and 2023, the growth rate for 2025 versus 2024 has slowed to just 1%.

Weekly pending contract data is highly seasonal, with the upcoming months typically witnessing an increase in demand. The impact of higher mortgage rates on this trend remains a key concern. Despite mortgage rates surpassing 7%, we still observe slightly positive year-over-year data.

Weekly pending contracts for the past few years are as follows:

  • 2025: 252,586
  • 2024: 250,621
  • 2023: 231,674

Purchase application data

While purchase application data tends to decline during the holiday period, the data remained resilient before the holidays despite rising mortgage rates.

Comparing to early 2024 when mortgage rates fluctuated between 6.75% and 7.50%, the purchase application data showed 14 negative prints, 2 flat prints, and 2 positive prints. Monitoring this data closely is crucial as rates approach levels seen in 2024.

chart visualization

demand Higher Housing Mortgage positive Rates risk
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 2025

Compass CFO Kalani Reelitz announces departure

July 30, 2025

Costs of Owning a Home

July 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Memecoin That’s Exploded Nearly 300% in a Month on Cusp of ‘Face-Ripping Breakout,’ Says Top Crypto Analyst

September 21, 20240 Views

13 states that don’t tax your retirement income

September 6, 20241 Views

UK inflation falls more than expected to 1.7% in September

October 16, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 20250
Crypto

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 20250
Personal Finance

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.