エピソード

  • US Housing Market Hits Lowest Pending Sales Since 2001 as Mortgage Rates Stay High

    US Housing Market Hits Lowest Pending Sales Since 2001 as Mortgage Rates Stay High
    2026/10/23
    The US housing market has weakened sharply over the past week, with high borrowing costs freezing transactions and shifting leverage toward buyers. The average 30 year mortgage rate edged down to 7.32 percent from 7.40 percent, its first weekly decline since August, but remains well above 6.19 percent a year ago.[1][2] Demand indicators are deteriorating. Mortgage applications fell 5.3 percent in the latest reported week, while purchase applications dropped 7 percent week over week and 18 percent from a year earlier.[3] September pending home sales plunged 7.3 percent from August and were 11.3 percent below a year earlier, reaching the lowest level since the index began in 2001.[4] Builders are responding with discounts and financing incentives rather than broad expansion. The NAHB housing market index fell three points to 29, its weakest reading since 2012. Forty three percent of builders cut prices, with reductions averaging 6 percent, while 65 percent offered incentives such as mortgage rate assistance.[3] Housing starts also declined 5.2 percent in September to an annualized 1.221 million units, signaling continued pressure on supply growth.[3] Consumer bargaining power is improving, but affordability remains the central constraint. Sellers outnumbered buyers nationally by 62.6 percent in September, the widest gap since 2013. In Miami, Nashville, Houston, and Austin, sellers outnumbered buyers by roughly 130 to 160 percent.[3] Price cuts may create opportunities, yet monthly payments remain elevated because rates are more than one percentage point above last year’s level. Regulatory action is now focused on reducing transaction costs and expanding supply. President Trump’s new executive order directs federal agencies to test automatic mortgage insurance cancellation, expand digital title reviews, reduce certain government loan rates, and promote manufactured housing through standardized permitting.[6][9] These measures could help over time, but the immediate outlook remains gridlocked: rates near 7 percent, weak demand, cautious builders, and limited affordable inventory continue to suppress activity. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Slowdown: Mortgage Rates Fall But Affordability Crisis Deepens in 2024

    US Housing Market Slowdown: Mortgage Rates Fall But Affordability Crisis Deepens in 2024
    2026/10/22
    The US housing industry is entering a sharper slowdown, even as a modest decline in mortgage rates offers buyers limited relief. The average 30 year fixed mortgage rate fell to 7.41 percent last week from 7.50 percent, its first weekly decline in about two months. Demand nevertheless weakened. Total mortgage applications dropped 5.3 percent, purchase applications fell 7 percent from the previous week and were down 18 percent from a year earlier. Refinancing applications declined 59 percent year over year. Construction data show the same pressure. September single family housing starts fell 4.6 percent to an annualized 859000 units, the lowest level since September 2025. Overall housing starts dropped 5.2 percent to 1.22 million units. Single family permits declined 4 percent, while multifamily permits rose 5.9 percent, suggesting developers are shifting toward rental supply where ownership demand is constrained. Builders are responding with discounts and financing incentives rather than major expansion. Builder confidence fell to 29 in October, its lowest level since 2012. Forty three percent of builders cut prices, and nearly two thirds offered sales incentives, including mortgage buydowns. These measures reflect weaker consumer purchasing power: rates above 7 percent have reduced the loan amount affordable within a fixed monthly budget by roughly 7.2 percent, or more than 22000 dollars for some buyers. Supply is improving in selected markets, and about two thirds of major metropolitan areas now favor buyers or are moving in that direction. Yet affordability remains severe. ATTOM reported that ownership costs exceeded historical affordability norms in 98 percent of 583 counties during the third quarter. One third were seriously unaffordable, despite the median home price falling 2 percent year over year to 368000 dollars. The central conflict is that demand is retreating faster than prices. More than 95 percent of mortgage holders reportedly have rates below today’s market level, discouraging them from selling. Meanwhile, construction costs, labor shortages and competing data center investment are limiting new housing supply. Compared with earlier reporting, the market is shifting further toward buyers, but high financing costs continue to prevent that leverage from producing broad price declines. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Weakens in October 2026: Mortgage Rates Hit 7.4 Percent

    US Housing Market Weakens in October 2026: Mortgage Rates Hit 7.4 Percent
    2026/10/21
    As of October 21, 2026, the US housing industry is weakening as higher mortgage rates squeeze affordability and discourage both buyers and builders. Pending home sales fell 7.3 percent in September from August and 11.3 percent year over year, reaching the lowest level since records began in 2001. The West led the decline, with contracts down 9.2 percent month over month. Completed existing home sales rose 1.5 percent, but the sharp drop in new contracts suggests weaker sales ahead. Construction is also losing momentum. Housing starts fell 5.2 percent to an annualized 1.221 million units. Single family starts declined 4.6 percent to 859,000, while single family permits dropped 4 percent to 845,000, their lowest level since March 2023. Completions fell to 840,000, the weakest pace since May 2020. Borrowing costs are the central pressure. The average 30 year fixed mortgage rate reached 7.4 percent on October 15, up from 6.95 percent in mid September and near a three year high. Builder confidence fell to 29, the lowest since June 2012. Forty three percent of builders cut prices in October, showing that incentives and discounts are replacing rapid price growth as builders try to preserve demand. Supply remains constrained by labor shortages, material and energy costs, and construction delays. More than one third of builders reported disruptions linked to immigration enforcement and worker availability. Multifamily permits increased 5.9 percent, offering limited relief, although apartment completions remained uneven across regions. Investment activity continues selectively. Oberndorf Real Estate Management and The Bascom Group bought a 117 unit San Jose apartment property for 53.1 million. Allen Morris also partnered with Savanna on a planned 315 unit West Palm Beach project. Compared with the previous month, the market has shifted from stagnation toward measurable contraction. Leaders are responding through price reductions, buyer incentives, selective apartment acquisitions, and partnerships, while consumers remain highly sensitive to monthly payments and are delaying purchases. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Hits 10 Year Low as Mortgage Rates Soar Above 7 Percent

    US Housing Market Hits 10 Year Low as Mortgage Rates Soar Above 7 Percent
    2026/10/20
    The US housing market has weakened sharply over the past 48 hours, with high mortgage rates, rising construction costs and cautious consumers deepening the slowdown. The National Association of Home Builders housing market index fell to 29 in October, down from 32 in September and its lowest level since June 2012.[1] The decline was worse than economists expected. Prospective buyer traffic dropped five points to 18, while builders’ six month sales expectations fell to 32.[3] Mortgage costs remain the central obstacle. Freddie Mac reported that the average 30 year fixed rate reached 7.4 percent last week, its highest level in nearly three years.[5] Compared with 6.66 percent in late August, the increase has reduced a typical buyers purchasing power by about 22000 dollars.[2] Existing homeowners are also reluctant to sell because moving would replace older low rate mortgages with much more expensive loans. Builders are responding with increasingly aggressive incentives. Forty three percent cut prices in October, the highest share since 2020, with the average reduction holding at 6 percent for the seventh consecutive month.[3] Nearly two thirds offered incentives such as temporary mortgage rate buydowns.[10] New construction is becoming relatively more affordable. The median new single family home sold for about 393700 dollars in August, roughly 10 percent below the 433600 dollar median existing home price.[10] However, builders face higher construction loan costs, materials prices, diesel expenses and labor shortages. More than one third reported immigration enforcement activity in their markets, contributing to delays and worker absences.[10] Compared with previous reporting, the market has shifted from constrained supply toward weak affordability and selective discounting. Demand still exists, but higher rates and uncertainty are pushing buyers aside, forcing builders to trade margin for sales and leaving the industry vulnerable to further deterioration if borrowing costs remain above 7 percent. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Cools as Mortgage Rates Stay High and Buyer Demand Plummets in 2026

    US Housing Market Cools as Mortgage Rates Stay High and Buyer Demand Plummets in 2026
    2026/10/19
    As of October 19, 2026, the US housing market is losing momentum as borrowing costs remain near a three year high. Freddie Mac reports that the average 30 year fixed mortgage rate held at 7.4 percent this week, up from 6.27 percent a year earlier. The increase adds about 376 dollars in monthly payments on a 400000 dollar loan, pushing many buyers to delay purchases.[10] Demand has weakened sharply. Redfin reported that pending home sales fell 4 percent in September to their lowest level since spring 2014, excluding the pandemic freeze. Mortgage applications were 16 percent below their level a year earlier, while 14.5 percent of homes under contract were canceled, a record high.[5][6] Supply is improving, but not enough to restore affordability. Existing home inventory reached 1.6 million units in September, up 4.6 percent from a year earlier and the highest level since late 2019. The median existing home price rose 1.3 percent annually to 417500 dollars, marking 39 consecutive months of gains.[8] At the same time, sellers are becoming more flexible. Nearly 20 percent of active listings reduced asking prices, and approximately 3000 sellers cut prices each day, the highest pace in 15 years.[1][5] The market is increasingly divided by income. Cash purchases represented 27 percent of September sales, while higher income households remain active and lower income buyers face severe payment barriers.[3][6] Builders are responding with incentives and rate assistance, but major companies such as KB Home and Lennar have underperformed the broader stock market amid weak demand and rising labor and material costs.[2][6] Competition is also shifting within real estate services. Compass sued California’s largest listing service over rules requiring agents to submit listings within one business day, intensifying a national dispute over private listings, data access, and industry concentration.[7] Overall, the market has moved from constrained supply toward cautious supply growth, but high rates continue to suppress transactions. Buyers have more negotiating power than last year, while sellers, builders, and brokers are increasingly forced to offer concessions. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Slows as Mortgage Rates Remain High and Buyer Demand Weakens

    US Housing Market Slows as Mortgage Rates Remain High and Buyer Demand Weakens
    2026/10/16
    As of October 16, 2026, the US housing market is losing momentum as borrowing costs remain near a three year high. The average 30 year mortgage rate held at 7.4 percent this week, compared with 6.27 percent a year ago, while mortgage applications were 16 percent below last years level.[1][3] Demand is weakening faster than supply is improving. Redfin reported that pending home sales rose 1.5 percent in the latest week, but remained near record lows and were down 12.7 percent year over year. Active listings increased 0.8 percent, reaching about 1.5 million homes, while new listings rose only 0.4 percent.[2] Prices are beginning to reflect the imbalance. The median asking price fell 0.3 percent from a year earlier, the first annual decline since March. The median sale price increased only 0.5 percent, its slowest growth since March. Sellers are responding with concessions and reductions, with 22 percent cutting asking prices, up from 20.9 percent a year earlier.[2] Consumer behavior is shifting toward delay, cash purchases, and alternative financing. Home visits were down 20 percent in September from a year earlier, while cash buyers represented 27 percent of sales. Adjustable rate mortgages reached 10.5 percent of applications, the highest share in a year, as buyers seek lower initial payments.[3] Builders are also adapting. D.R. Horton agreed to work with Promise Robotics to produce more than 1,250 homes in the Phoenix area using factory made timber panels. The partnership targets labor shortages, construction costs, and the need to increase output.[5] Compared with earlier reporting, the market has moved from a supply constrained recovery toward a demand constrained slowdown. Inventory is closer to normal, but high rates, expensive homes, and economic uncertainty are keeping buyers away. Unless financing costs fall, sellers and builders will likely rely increasingly on price cuts, incentives, automation, and adjustable loans to preserve activity. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Weakens as Mortgage Rates Hit 3 Year High in October 2024

    US Housing Market Weakens as Mortgage Rates Hit 3 Year High in October 2024
    2026/10/15
    The US housing market has weakened sharply in the past 48 hours as borrowing costs reach their highest level in nearly three years. The average 30 year mortgage rate held near 7.5 percent in the week ending October 9, while purchase mortgage applications fell 4 percent for a sixth consecutive week and were down 16 percent from a year earlier.[5][10] The latest data show a market increasingly divided between cautious buyers and sellers who are becoming more flexible. Existing home sales rose 1.5 percent in September to an annual rate of 3.99 million, but remained 2.2 percent below last year. Because many September closings reflected contracts signed before the latest rate surge, analysts expect fourth quarter sales to weaken further.[2][3] Demand is deteriorating faster than prices. Redfin reported that pending sales dropped 4 percent in September to their lowest level since 2014, excluding the pandemic shutdown. A record 14.5 percent of signed deals were canceled, while nearly one fifth of active listings had their asking prices reduced.[1] Inventory rose to about 1.16 million homes, 5 percent above a year earlier and the highest level since March 2020.[6] Builders are responding with incentives rather than broad price cuts. About two thirds reported offering incentives in September, including mortgage rate buydowns and upgrades. Lennar has acknowledged accepting lower margins to preserve sales volume.[8] These concessions are helping maintain activity in new homes, but they also signal that affordability has become the industry’s central challenge. Consumer behavior is shifting toward delay, negotiation, and alternative financing. Adjustable rate mortgages represented about 10 percent of applications, while many potential buyers are waiting for rates to fall. Inflation of 3.7 percent in September and higher Treasury yields are adding pressure to mortgage costs.[7] Compared with earlier reports showing tentative stabilization, current evidence points to a renewed slowdown. Transaction volumes are falling, supply is improving modestly, and price pressure is spreading, but widespread forced selling remains limited because many existing borrowers still hold mortgages below 5 percent.[4] For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分
  • US Housing Market Faces Affordability Crisis Despite Rising Inventory and Record Prices

    US Housing Market Faces Affordability Crisis Despite Rising Inventory and Record Prices
    2026/10/14
    The US housing market remains active but constrained. Existing home sales rose 1.5 percent in September to an annual rate of 3.99 million, slightly above forecasts, yet sales were down 2.2 percent from a year earlier and remain well below the historical norm of about 5.2 million annually.[1][10] Affordability is still the central challenge. The average 30 year mortgage rate reached 7.4 percent last week, up from 7.28 percent the previous week and the highest level since November 2023.[6][10] The median existing home price increased 1.3 percent from a year earlier to 417500 dollars, marking the highest September level on record and the 39th consecutive month of annual price growth.[1][6] Supply is improving gradually. Inventory reached 1.6 million homes, up 1.9 percent from August and 4.6 percent from a year earlier, providing buyers with more choice and pushing median time on market to 33 days from 31.[9][10] However, the additional supply has not yet produced meaningful affordability gains because borrowing costs and prices remain elevated. Consumer behavior is shifting toward selective purchasing. First time buyers represented 31 percent of transactions, up from 30 percent in August, while investor and second home purchases rose sharply to 20 percent from 15 percent.[10] Pending sales fell 4 percent in September, the largest monthly decline in more than three years, suggesting weaker demand ahead.[7] Regional conditions are diverging. Prices rose 4.7 percent in the Northeast and 3.1 percent in the Midwest, while the South gained only 0.2 percent and the West declined 0.3 percent.[7] Luxury activity was stronger, with sales above one million dollars increasing 4.1 percent year over year.[6] Policy discussions are increasingly focused on supply. Housing and Urban Development Secretary Scott Turner estimates the country needs five to seven million additional homes and is promoting regulatory streamlining and lower construction barriers.[8] The administration is also targeting construction costs and considering the effect of corporate single family purchases. From January 2027, FHA underwriting will accept VantageScore 4.0 and FICO Score 10T, potentially broadening mortgage access.[8] Overall, the market has gained inventory but lost momentum. Unless mortgage rates decline or supply expands faster, high financing costs will continue limiting transactions through the remainder of the year. For great deals today, check out https://amzn.to/44ci4hQ
    続きを読む 一部表示
    3 分