Lenders witness surge of mortgage demand last week
Friday, May 9th, 2025
It’s probably too early to get excited, but several lenders reported that mortgage demand climbed to 2022 levels this week.
NAR: Home prices are up in 83% of metros
Thursday, May 8th, 2025
Home prices rose in more than 80% of U.S. metro areas in the first quarter of 2025 — even as affordability remained stretched and fewer markets posted double-digit gains.
According to the National Association of Realtors (NAR), 189 of 228 metro areas (83%) saw year-over-year increases in the median price for existing single-family homes. That’s a slight decline from 89% in the fourth quarter of 2024.
Buying a home is out of reach until 2034 for most new college graduates
Thursday, May 8th, 2025
An analysis released Thursday by MortgageResearch.com suggests that the average new college graduate likely won’t be able to afford a home until April 2034 — nearly 10 years after graduation — due to a triple burden of surging home prices, student loan debt and modest entry-level salaries.
Reba McEntire joins Realtor.com marketing campaign targeting struggling homebuyers
Monday, May 5th, 2025
Realtor.com has launched a new national advertising campaign featuring country music artist and actress Reba McEntire as the company aims to offer reassurance to prospective homebuyers who are navigating a historically difficult real estate market.
The campaign, titled “Nearly Home,” incorporates sitcom-style ads that draw on real buyer experiences and attempt to ease the emotional toll of the homebuying process.
ICE: First-time homebuyers account for record share of agency lending in Q1 2025
Monday, May 5th, 2025
Intercontinental Exchange‘s May 2025 Mortgage Monitor Report, released Monday, found that first-time homebuyers accounted for a record share of agency purchase lending (58%) in the first quarter 2025.