"As outlined in HousingWire's weekly Housing Market Tracker by Logan Mohtashami, housing demand has historically strengthened as mortgage rates approach 6%. Early-year data suggests that relationship may be emerging again. Weekly pending home sales reached 56,252 for the week ending Jan. 23, posting gains both week over week and year over year. The January weekly totals highlight the consistency of recent gains across successive weeks: Jan. 2: 30,538 Jan. 9: 39,841 Jan. 16: 50,096 Jan. 23: 56,252"
"Mortgage purchase application data also posted another positive week. Applications rose 5% week over week and were up 18% year over year. With the unusually low year-over-year comparison base from early 2025 no longer in play, double-digit annual growth carries greater significance. Purchase applications generally lead closed sales by about 30 to 90 days, making them a key near-term indicator as 2026 progresses."
Early 2026 housing indicators point to a shift in momentum, with demand improving, pricing stabilizing, and inventory increasing. Weekly pending home sales rose steadily through January, reaching 56,252 for the week ending Jan. 23 after totals of 30,538 (Jan. 2), 39,841 (Jan. 9) and 50,096 (Jan. 16). Historical patterns show demand strengthens as mortgage rates approach 6%, and that relationship may be reasserting in 2026. Mortgage purchase applications increased 5% week over week and 18% year over year, with purchase apps typically leading closed sales by 30 to 90 days. Total active inventory reached 697,868 listings, up from 695,628 the prior week, signaling inventory growth from a healthier baseline.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]