"Last week was a solid week for housing demand. Our weekly pending sales data increased by 15.36% year over year, and the Mortgage Bankers Associations purchase application data showed 31% year-over-year growth. In fact, if I average the last two weeks, purchase application data is up 28.5% year over year and our weekly pending home sales data increased by 15.43% on a two-week average year over year."
"We have seen good year-over-year growth the last two weeks and a big reason for that is that this year is that rates have stayed below 6.64% for the previous 15 weeks, whereas last year, mortgage rates at this time were rising toward 7% and higher. This week's data occurred despite the veterans' day holiday last week, which is impressive, as our weekly data is typically affected during a holiday week. We are dealing with lower year-over-year comps, but still it's good to see the two-week run with our pending sales data."
Weekly pending home sales increased 15.36% year over year and Mortgage Bankers Association purchase applications rose 31% year over year. A two-week average shows purchase applications up 28.5% and pending home sales up 15.43% year over year. Last week's pending sales totaled 60,722 in 2025 versus 52,642 in 2024. Mortgage rates have remained below 6.64% for 15 consecutive weeks, correlating with stronger housing demand. The weekly data held up despite a Veterans Day holiday. Over the last 15 weeks there were nine positive and six negative week-to-week prints, with 15 straight weeks of double-digit purchase-app growth.
Read at www.housingwire.com
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