The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of January 7, 2025:
Capping off an extraordinarily uneventful year in housing, CNBC says total mortgage applications fell 21.9% during the last 2 weeks of 2024.Â
CNN digs into the housing 'conundrum' inherited by President-elect Trump and how today's market compares to his first term.Â
Zillow released its predictions for the hottest housing markets of 2025. The top 10 consists of cities in NY, IN, RI, CT, PA, MO, NC, VA, and UT.
HousingWire tracked the percentage of inbound versus outbound movers for all 50 states, and states such as California, Massachusetts, New York, and New Jersey experienced net outflows in 2024.Â
Yahoo Finance shared 5 markets where home values could drop sharply.
While many have been calling for a relatively sluggish housing market in 2025, we're observing an awful lot of pre-market seller activity on BlueBid. We recently surpassed 15,000 homes on platform - and have been at this long enough to know a large percentage of those will transact in the coming months. Â
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.