Total pending home sales
Our HousingWire data tracks various categories weekly, and we are excited to share some insights in these weekly tracker articles. Today, we want to highlight our total pending sales data, which shows an improvement in sales over the past few weeks compared to previous years.
In recent years, housing data has shown better performance when mortgage rates are below 6.64% and are moving towards 6%. As long as rates remain below 7%, we anticipate a positive market outlook for 2026. Last year, a spike in rates caused a decline in momentum. Our data indicates that housing demand follows a seasonal pattern, and we closely monitor market reactions to different interest rate levels to understand demand dynamics.
Weekly pending sales
Our weekly pending sales data reflect homes entering contracts and are likely to be included in the existing home sales report within 30-60 days. Despite a slight slowdown in growth rate, the two weeks prior to this week showed year-over-year growth exceeding 15%. It’s important to note that weekly pending sales data can be volatile at times.
With the Thanksgiving holiday approaching, we anticipate some impact on weekly data as holiday celebrations may shift priorities away from home buying and selling.
Weekly pending sales for last week:
- 2025: 58,612
- 2024: 55,862
Purchase application data
In 2025, we have observed positive trends in purchase application data, with 16 consecutive weeks of double-digit year-over-year growth. While last week saw a slight decrease from the previous week, there was a 26% year-over-year increase. The extreme year-over-year comparisons for purchase application data are now behind us, setting a higher bar for future growth.
Weekly data for 2025 so far:
- 21 positive readings
- 18 negative readings
- 6 flat prints
- 42 straight weeks of positive year-over-year data
- 29 consecutive weeks of double-digit growth year over year
Mortgage rates and the 10-year yield
In our 2025 forecast, we anticipated ranges for mortgage rates and the 10-year yield. Despite recent headlines, mortgage rates have remained relatively stable, with the 10-year yield fluctuating within a narrow range. Understanding these trends is crucial for assessing market conditions and consumer behavior.
Mortgage spreads
Mortgage spreads have significantly improved in 2025, nearing normal levels. These improvements have played a key role in keeping mortgage rates favorable for consumers. Understanding historical trends in mortgage spreads provides valuable insights into potential future rate movements.
Weekly housing inventory data
Weekly housing inventory growth has shown a year-over-year increase, indicating a healthier market. While the growth rate has slowed, sustained demand and new listings contribute to a positive outlook. Understanding inventory dynamics is essential for both buyers and sellers.
- Weekly inventory change (Nov. 14-Nov. 21): Inventory fell from 839,506 to 830,445
- Same week last year (Nov. 15-Nov. 22): Inventory fell from 721,980 to 719,000
New listings data
New listings data in 2025 have shown improvements, aiming to reach normal levels. Understanding seasonal variations and historical trends in new listings provide valuable insights for market participants. Monitoring these trends helps in making informed decisions.
- 2025: 53,374
- 2024: 53,218
Price-cut percentage
Understanding price-cut percentages provides insights into market conditions and consumer behavior. Comparing data from previous years helps in assessing trends and making informed predictions for future price movements.
The week ahead: Enjoy the short holiday week
As we look ahead to the upcoming week, various reports and market events are expected. Understanding the implications of these events on the housing market is crucial for market participants. Stay informed and prepared for potential market fluctuations during this short holiday week.