The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of December 20, 2024:
New listings are (finally) on the rise, according to Redfin. This week saw new listings up 7.6% year-over-year and pending home sales trending higher.
The Fed changed its tone on rate cuts in response to stubborn inflation readings, and the market reacted by sending mortgage rates back over 7%. HousingWire now believes all of the recently published 2025 mortgage forecasts are wrong. Ugh.
Unsurprisingly, Mortgage Bankers Association writes mortgage demand dropped for the first time in 5 weeks.
Fannie Mae's list of 5 housing market predictions for 2025 touches on mortgage rates, home sales, supply, and new construction.
Most forecasts we've come across suggest modest improvements for home sales in 2025, but MarketWatch shares that one of the largest lenders in America expects housing demand to double in the new year.
The CEO of Compass stopped by CNBC to discuss the state of the housing market and the risk that comes with published price history and days on market.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.