Home Tours, Pending Home Sales Drop on Fires, Extreme Cold -- Market Talk

Dow Jones

Jan 16, 2025

1022 ET - Home tours and pending sales are falling as devastating wildfires burn in southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing costs rise across the country, Redfin says. Redfin's Homebuyer Demand Index has fallen 11% month-over-month to its lowest since August, with pending sales down 8.4% year-over-year, the largest drop since October 2023. New listings also saw a significant annual decline. There is some positive news, though: falling mortgage rates after a softer CPI report and a surge in mortgage-purchase applications suggest potential improvement. Despite these signs, high housing costs persist, with median housing payments at a two-month high and home prices up 5.8% year-over-year.(chris.wack@wsj.com)

(END) Dow Jones Newswires

January 16, 2025 10:22 ET (15:22 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503791697"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503791697\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503791697?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-16 23:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503791697","market":"sg","top_or_hot":-1,"title":"Home Tours, Pending Home Sales Drop on Fires, Extreme Cold -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1022 ET - Home tours and pending sales are falling as devastating wildfires burn in southern California, extreme cold and snow hit the Northeast, <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> and South, and housing costs rise across the country, Redfin says. Redfin's Homebuyer Demand Index has fallen 11% month-over-month to its lowest since August, with pending sales down 8.4% year-over-year, the largest drop since October 2023. New listings also saw a significant annual decline. There is some positive news, though: falling mortgage rates after a softer CPI report and a surge in mortgage-purchase applications suggest potential improvement. Despite these signs, high housing costs persist, with median housing payments at a two-month high and home prices up 5.8% year-over-year.(chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 10:22 ET (15:22 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>Home Tours, Pending Home Sales Drop on Fires, Extreme Cold -- 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\">\nHome Tours, Pending Home Sales Drop on Fires, Extreme Cold -- 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\">2025-01-16 23:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1022 ET - Home tours and pending sales are falling as devastating wildfires burn in southern California, extreme cold and snow hit the Northeast, <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> and South, and housing costs rise across the country, Redfin says. Redfin's Homebuyer Demand Index has fallen 11% month-over-month to its lowest since August, with pending sales down 8.4% year-over-year, the largest drop since October 2023. New listings also saw a significant annual decline. There is some positive news, though: falling mortgage rates after a softer CPI report and a surge in mortgage-purchase applications suggest potential improvement. Despite these signs, high housing costs persist, with median housing payments at a two-month high and home prices up 5.8% year-over-year.(chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 10:22 ET (15:22 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":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503791697","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503791697","pubTimestamp":1737040920,"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":"1022 ET - Home tours and pending sales are falling as devastating wildfires burn in southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing costs rise across the country, Redfin says. Redfin's Homebuyer Demand Index has fallen 11% month-over-month to its lowest since August, with pending sales down 8.4% year-over-year, the largest drop since October 2023. New listings also saw a significant annual decline. There is some positive news, though: falling mortgage rates after a softer CPI report and a surge in mortgage-purchase applications suggest potential improvement. Despite these signs, high housing costs persist, with median housing payments at a two-month high and home prices up 5.8% year-over-year.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","RDFN":"Redfin Corp","HBCP":"Home Bancorp Inc"},"translate_title":"房屋旅游、待售房屋销售因火灾、极端寒冷而下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HBCP":1,"RDFN":0.9,"CFA.SI":1},"content_text":"1022 ET - Home tours and pending sales are falling as devastating wildfires burn in southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing costs rise across the country, Redfin says. Redfin's Homebuyer Demand Index has fallen 11% month-over-month to its lowest since August, with pending sales down 8.4% year-over-year, the largest drop since October 2023. New listings also saw a significant annual decline. There is some positive news, though: falling mortgage rates after a softer CPI report and a surge in mortgage-purchase applications suggest potential improvement. Despite these signs, high housing costs persist, with median housing payments at a two-month high and home prices up 5.8% year-over-year.(chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 16, 2025 10:22 ET (15:22 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":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}