Mortgage demand for new homes is down 6.9% in the past yearNew-home mortgage applications fell 6.9% year-over-year in February, but activity strengthened with higher inventory and lower rates.
These 2 factors will help unlock the housing market in 2025, according to Realtor.com's chief economistThe lock-in effect limiting home sales may diminish in 2025 as equity gains and life changes drive homeowners to list their properties.
Mortgage demand for new homes is down 6.9% in the past yearNew-home mortgage applications fell 6.9% year-over-year in February, but activity strengthened with higher inventory and lower rates.
These 2 factors will help unlock the housing market in 2025, according to Realtor.com's chief economistThe lock-in effect limiting home sales may diminish in 2025 as equity gains and life changes drive homeowners to list their properties.