Core Insights - U.S. existing home sales saw a modest increase of 0.5% in November, reaching a seasonally adjusted annual rate of 4.13 million units, although this was below economists' expectations of 4.15 million units [10] - The housing market continues to face significant challenges, including a sluggish labor market and high prices, which are limiting consumer confidence and demand [10][6] Sales Performance - Home sales surged by 4.1% in the Northeast and increased by 1.1% in the South, while the Midwest experienced a decline of 2.0%, and sales in the West remained unchanged [10] - Year-over-year, home sales declined by 1.0% in November [3] Mortgage Rates and Economic Conditions - The average rate for a 30-year fixed mortgage dropped from 7.04% in mid-January to 6.19% by the end of November, but has since stabilized around 6.21% [4][10] - The unemployment rate rose to 4.6% in November, the highest in over four years, and annual wage growth is at its slowest since May 2021, contributing to economic uncertainty [4][10] Inventory and Pricing - The inventory of existing homes fell by 5.9% to 1.430 million units in November, the lowest level since March, although it was up 7.5% from a year ago [7][10] - The median existing home price increased by 1.2% year-over-year to $409,200, while the median days on the market rose to 36 from 32 [8][10] Market Dynamics - All-cash sales accounted for 27% of transactions, up from 25% a year ago, indicating a shift in buyer behavior [9][10] - First-time buyers represented 30% of sales, unchanged from the previous year, with a target of 40% needed for a robust housing market [10]

Core Insights - Home sales in November increased for the third consecutive month, but 2025 sales are projected to be at a 30-year low [1] - Existing home sales rose by 0.5% from October to a seasonally adjusted annual rate of 4.13 million, attributed to lower mortgage rates [1][2] - Despite recent improvements, the housing market remains in a slump due to high prices, elevated mortgage rates, and consumer unease, with sales expected to be the lowest since 1995 [4] Sales Performance - Sales increased month-over-month in the Northeast and South, remained flat in the West, and decreased in the Midwest [5] - Year-over-year, home sales are down by 1% [5] - Housing inventory decreased by 5.9% to 1.43 million units compared to October, but showed a 7.5% improvement from November 2024 [5] Economic Influences - The health of the labor market and inflation trends will be critical for the housing market in the upcoming year [5] - A rebound in the housing market is contingent on a solid labor market, income growth, and economic resilience amid ongoing affordability challenges and elevated mortgage rates [6]

Existing-home sales in the US barely rose in November, as a recent moderation in price growth and mortgage rates motivated buyers at the margin https://t.co/Y6IW0v7FIJ ...

Home sales rose in November for the third straight month, with lower mortgage rates injecting some fresh momentum into the long sluggish housing market https://t.co/h64ob0gSBR ...

A ''For Sale'' sign is outside a residential home in Oro Valley, Arizona, on December 12, 2025.High home prices, stubbornly high mortgage rates and now less supply are all weighing on potential homebuyers. Sales of previously owned homes rose just 0.5% in November from October and were 1% lower than November 2024, according to the National Association of Realtors. Sales came in at an annualized rate of 4.13 million units.This count is based on closings, so it reflects contracts likely signed in September an ...

PRICES RISING 2.7% FROM A YEAR AGO. THAT WAS COOLER THAN EXPECTED. THE PRINT SENDING ODDS OF A MARCH RATE CUT TO OVER 50% RIGHT NOW.JOINING US NOW IS PIMCO GLOBAL ECONOMIC ADVISOR, FORMER FEDERAL RESERVE VICE CHAIR RICHARD CLARIDA. IT'S GREAT TO HAVE YOU HERE. >> WELCOME BACK.YEAH. ALWAYS ENJOY IT. >> SO HOW MUCH DO YOU READ INTO THIS INFLATION PRINT.>> I THINK THERE'S SOME GOOD NEWS HERE. OBVIOUSLY DISTORTIONS WITH THE SHUTDOWN AND SOME SEASONALS. BUT I THINK YOU TAKE THE GOOD NEWS WHEN YOU CAN CAN GET IT. ...

Mortgage rates in the US ticked lower this week https://t.co/B7Fye9VuHI ...

Mortgage Rates Overview - Mortgage rates remained stable, with the average 30-year mortgage rate at 6.21% and the 15-year rate at 5.47% [1][3] - The stability in mortgage rates has been observed since mid-September, contributing to increased buying and selling activity in the housing market [3] Labor Market Impact - The unemployment rate increased to 4.6%, the highest since 2021, but this did not significantly affect Treasury yields or mortgage rates [2] - The labor market slowdown was in line with expectations, indicating a lack of immediate impact on financial markets [2] Mortgage Application Trends - Mortgage applications for home purchases decreased by 3%, while refinancing applications fell by 4% [3] - The Federal Reserve's recent interest rate cut has had minimal influence on mortgage rates, highlighting the indirect relationship between Fed policies and mortgage rates [3]

Mortgage rates remain calm, hovering just above 6% with only minor fluctuations week to week. According to Zillow, the average 30-year fixed mortgage rate is 6.05%. The 15-year fixed rate is 5.52%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.05% 20-year fixed: 6.06% 15-year fixed: 5.52% 5/1 ARM: 6.31% 7/1 ARM: 6.30% 30-year VA: 5.61% 15-year VA: 5.21% 5/1 VA: 5.66% Remember, these are the national averages and rounded to t ...

Mortgage rates are holding mostly steady for yet another week. According to Zillow, the average 30-year fixed rate is up one basis point to 6.09%. The 15-year fixed home loan rate is down six basis points to 5.52%. The stability of mortgage rates over the past several weeks is welcomed by borrowers looking to lock in a rate. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.09% 20-year fixed: 6.01% 15-year fixed: 5.52% 5/1 ARM: 6.19% ...