Analysis and Data
Faster deal timelines and declining inventory highlight growing split in housing demand
Builder activity jumps in the near term, but falling permits and weaker completions point to a choppier supply outlook ahead
Realtor.com data shows more listings and softer prices begin rebuilding the purchase pipeline
Newrez analysis of 1.2M loans shows costs topping $2,600 nationally, with regional disparities and new pressure points for borrower affordability
A more complex market is changing how refinance loans are evaluated, priced, and sold
Cooling gains may ease buyer strain, but inflation-adjusted declines and regional splits complicate outlook for LOs and borrowers
New data from Truework shows verification friction and income consistency are increasingly determining which loans make it to closing, shifting risk earlier in the pipeline
Rates rise across key property types, with CMBS and office exposure driving risk into 2026
Midwest markets lead in doctor home affordability, with purchase timelines as low as 1–2 years versus 11+ in high-cost states
Lower home sale returns are reshaping borrower equity, concessions, and transaction stability across U.S. markets