Higher Mortgage Rates Hitting Buyers Harder in January -- Market Talk

Dow Jones

Feb 13, 2025

1325 ET - High mortgage rates, rising to 7.04% in January compared with mid-6% last year, are impacting buyers more than sellers, Zillow says. Home values, up 44% since pre-pandemic and 2.6% year-over- year, make affordability tough, with pending sales down 3.6%. Buyers face challenges, but many listings see price cuts. Sellers, less affected by rates, are listing more, with new listings up 12% year over year, driven by equity gains and life events like job changes or family growth. Western markets like Portland, Seattle, Denver, and San Francisco are seeing the fastest listing growth. Despite buyer struggles, 25% of homes sold in December exceeded asking price, up from 19% pre-pandemic, showing some sellers still benefit in this market. (chris.wack@wsj.com)

(END) Dow Jones Newswires

February 12, 2025 13:25 ET (18:25 GMT)

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Home values, up 44% since pre-pandemic and 2.6% year-over- year, make affordability tough, with pending sales down 3.6%. Buyers face challenges, but many listings see price cuts. Sellers, less affected by rates, are listing more, with new listings up 12% year over year, driven by equity gains and life events like job changes or family growth. Western markets like Portland, Seattle, Denver, and San Francisco are seeing the fastest listing growth. Despite buyer struggles, 25% of homes sold in December exceeded asking price, up from 19% pre-pandemic, showing some sellers still benefit in this market. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 13:25 ET (18:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Higher Mortgage Rates Hitting Buyers Harder in January -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHigher Mortgage Rates Hitting Buyers Harder in January -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-13 02:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1325 ET - High mortgage rates, rising to 7.04% in January compared with mid-6% last year, are impacting buyers more than sellers, <a href=\"https://laohu8.com/S/Z\">Zillow</a> says. Home values, up 44% since pre-pandemic and 2.6% year-over- year, make affordability tough, with pending sales down 3.6%. Buyers face challenges, but many listings see price cuts. Sellers, less affected by rates, are listing more, with new listings up 12% year over year, driven by equity gains and life events like job changes or family growth. Western markets like Portland, Seattle, Denver, and San Francisco are seeing the fastest listing growth. Despite buyer struggles, 25% of homes sold in December exceeded asking price, up from 19% pre-pandemic, showing some sellers still benefit in this market. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 13:25 ET (18:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511585601","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511585601","pubTimestamp":1739384700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1325 ET - High mortgage rates, rising to 7.04% in January compared with mid-6% last year, are impacting buyers more than sellers, Zillow says. Home values, up 44% since pre-pandemic and 2.6% year-over- year, make affordability tough, with pending sales down 3.6%. Buyers face challenges, but many listings see price cuts. Sellers, less affected by rates, are listing more, with new listings up 12% year over year, driven by equity gains and life events like job changes or family growth. Western markets like Portland, Seattle, Denver, and San Francisco are seeing the fastest listing growth. Despite buyer struggles, 25% of homes sold in December exceeded asking price, up from 19% pre-pandemic, showing some sellers still benefit in this market. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","BK4079":"房地产服务","Z":"Zillow","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4548":"巴美列捷福持仓","ZG":"Zillow Class A"},"translate_title":"一月份抵押贷款利率上升对买家的打击更大——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z":0.9,"ZG":0.9},"content_text":"1325 ET - High mortgage rates, rising to 7.04% in January compared with mid-6% last year, are impacting buyers more than sellers, Zillow says. Home values, up 44% since pre-pandemic and 2.6% year-over- year, make affordability tough, with pending sales down 3.6%. Buyers face challenges, but many listings see price cuts. Sellers, less affected by rates, are listing more, with new listings up 12% year over year, driven by equity gains and life events like job changes or family growth. Western markets like Portland, Seattle, Denver, and San Francisco are seeing the fastest listing growth. Despite buyer struggles, 25% of homes sold in December exceeded asking price, up from 19% pre-pandemic, showing some sellers still benefit in this market. (chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 13:25 ET (18:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}