Analysis and Data
Redfin's Homebuyer Demand Index at highest level since Sept. 2023
Despite holiday hiccup, more people are indeed applying for home loans
Consecutive months of annual increases in bankruptcy filings highlight households still struggling with debt
But a lackluster market could push would-be buyers into renting next year
Northeast markets show strong annual gains in October, despite "slower job growth" and "affordability concerns."
Construction spending rose in October, with more new homes in lower-density areas
Mortgage applications up 6.3% before mortgage rates fall slightly over holiday weekend
The 5.2% increase from 2024's ceiling of $766,550 is less than 2024's 5.5%.
"White-collar consumers" experiencing financial strain, compounded by ongoing slump in white-collar employment.
Consumer confidence is on the rise in November, however, particularly around labor conditions.