The Nadlan Group Real Estate Podcast

New Foreclosures Jump 20% in October, Pointing to More Stress in the Housing Market

New foreclosure data shows growing financial pressure on U.S. homeowners as filings continued climbing in October. ATTOM reported 36,766 properties with foreclosure activity during the month, marking an eighth straight year-over-year increase and a 19% jump from last October. While still far below the levels seen during the Great Recession, the steady rise reflects the strain caused by high housing costs, expensive insurance, rising consumer debt, and a cooling job market.
 
Foreclosure starts rose sharply — up 6% from September and 20% from a year ago — and completed foreclosures climbed 32% annually, signaling that more distressed properties are beginning to move all the way through the process. Florida, South Carolina, and Illinois posted the highest filing rates, while metros such as Tampa, Jacksonville, and Orlando topped the list nationwide. Completed foreclosures were most common in Texas, California, and Florida, where financial pressure and high homeownership costs are intersecting.
 
Even with the increases, foreclosure levels remain significantly below historic peaks. During the Great Recession, more than 4% of mortgages were in foreclosure; today, that number sits below 0.5%. But early warning signs are emerging. FHA loans are seeing rising trouble, with more than 11% behind on payments and over half of all seriously delinquent mortgages tied to FHA borrowers. States with falling home prices and soaring insurance premiums—especially Florida and Texas—are seeing more homeowners fall behind.
 
Many of today’s struggles come from the mismatch between expectations and reality. Some homeowners expected mortgage rates to fall quickly after the Federal Reserve began cutting rates, but borrowing costs remain near recent highs. Combined with record consumer debt, rising delinquencies in credit cards and auto loans, and a softening labor market, financial pressure is building for more households. While economists do not expect a 2008-style foreclosure crisis, the current trend shows that distressed activity may continue rising into 2026, especially if unemployment climbs or budgets remain tight.
 
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https://www.forumnadlanusa.com/2025/11/new-foreclosures-jump-in-october-as-signs-of-housing-stress-grow/
#ForeclosureUpdate #HousingMarket2025 #RealEstateTrends #HomeownerStress #MarketWatch

Home Prices Rise in Most U S Metros in Q3 as Tight Supply Keeps Values Moving Up

New data from the National Association of Realtors shows that most U.S. housing markets continued to see rising prices in the third quarter of 2025 — even though overall sales activity remained subdued. Out of 230 metro areas, 176 posted year-over-year price increases, meaning nearly 8 out of 10 markets still moved higher despite economic uncertainty and higher mortgage rates.
 
Nationwide, the median price for an existing single-family home reached $426,800, rising 1.7% from last year. While this matches Q2’s growth pace, the price acceleration is becoming more concentrated. Only 4% of metros saw double-digit gains, showing that the market is cooling but not correcting.
 
Regional differences remain wide. The Northeast led the nation with a 6% price increase thanks to extremely tight supply, while the Midwest posted a solid 4.2% gain supported by affordability and stable demand. In the South, price growth slowed dramatically to just 0.5% as new construction improved inventory. The West saw a slight 0.1% dip, reflecting a mild reset after years of steep appreciation.
 
Some metros saw standout growth, including Trenton, Lansing, Nassau–Suffolk, New Haven, and New York City, where prices surged between 8% and 10%. These increases stem largely from limited supply and strong buyer demand in affordable or strategically located markets.
 
High-cost coastal markets remained the most expensive in the nation. San Jose once again topped the list with a median price close to $1.9 million, followed by Anaheim, San Francisco, Honolulu, and San Diego — many of which saw only slight changes in pricing, showing how insulated these markets remain.
 
Affordability did improve slightly as mortgage rates eased from their peaks. The typical monthly payment on a median-priced home fell 2.8% from Q2, though it’s still higher than a year ago. For the average household, mortgage payments now consume 24.8% of income — a modest improvement but still elevated. First-time buyers face even bigger hurdles, with monthly payments on a starter home eating up more than 37% of income.
 
Overall, the Q3 numbers reveal a market caught between weak sales and firm pricing. People are buying fewer homes, yet values remain resilient because inventory is still too low. Until more supply comes into the market, home prices are likely to remain supported, even in a slower sales environment.
 
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https://www.forumnadlanusa.com/2025/11/most-metro-areas-saw-home-price-gains-in-q3-even-as-sales-stayed-slow/
#HousingMarket2025 #RealEstateTrends #HomePricesUpdate #MarketInsights #NARReport

New Study Shows Mortgage Satisfaction Rising as Lenders Use More Personal and Hybrid Support

Mortgage satisfaction is rising for the first time in four years as lenders shift away from fast, high-volume transactions and toward more personal, guidance-driven service. According to J.D. Power’s 2025 U.S. Mortgage Origination Satisfaction Study, lenders are reshaping the borrower experience by blending human support with smarter digital tools — and customers are responding with higher levels of trust and loyalty.
 
Customer satisfaction jumped to 760 out of 1,000, up 33 points from 2024, marking one of the strongest improvements in recent years. Borrowers say communication is clearer, expectations are better managed, and lenders are doing a far better job explaining options throughout the process. This advisory-style approach is proving critical: 79% of borrowers said lenders gave helpful, actionable advice, and those who felt genuinely supported were more than twice as likely to return for another loan in the future.
 
Early engagement is another major factor driving better experiences. Satisfaction rises significantly when lenders reach out before buyers begin shopping for a home, helping them understand their financing choices sooner. But when the first real interaction happens during the application stage, satisfaction drops sharply, showing how important early education and guidance have become.
 
AI is also becoming a normal part of the mortgage experience — but transparency remains essential. Most borrowers are comfortable with AI tools if lenders explain when and how the technology is being used. People want faster processing, but they still value clear communication and human oversight.
 
The study also ranked lenders based on overall customer satisfaction. Citi placed highest with a score of 802, followed by Bank of America at 792 and Citizens at 787. These top performers excelled in communication, digital usability, trust, and personalized support.
 
Overall, the 2025 study shows the industry entering a new phase. Borrowers no longer want a purely digital or purely human experience — they want both. Lenders who combine efficient technology with strong, personal guidance are earning the highest marks, building stronger relationships, and creating a smoother path from application to closing. As more lenders adopt this hybrid model, mortgage satisfaction is likely to keep rising in the years ahead.
 
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https://www.forumnadlanusa.com/2025/11/mortgage-satisfaction-rises-as-lenders-shift-to-more-personal-and-hybrid-service-approaches/
#MortgageNews #HousingMarket2025 #HomeLoanTrends #RealEstateInsights #MortgageCustomerExperience

Mortgage Rates Move Higher, Touching Their Highest Levels in Nearly Two Months

Mortgage rates closed the week a bit higher, and while the increase was small, it was enough to push averages back near their highest levels in almost two months. Rates have been drifting upward throughout the week, and today’s move kept them stuck near the upper end of their recent trading range.
 
Early this morning, it briefly looked like things might go the other way. The bond market saw a burst of strong buying around 7 a.m., which usually helps bring mortgage rates down. At the same time, the stock market hit its lowest point in several weeks — another signal that typically supports falling rates. But that momentum quickly collapsed. By around 9 a.m., both markets had reversed course. Stocks recovered some of their early losses, and bonds surrendered all of their morning gains. Because mortgage rates move with bonds, the shift wiped out what could have been a small improvement in pricing.
 
With bonds finishing the day weaker, lenders had no reason to reduce rates. The result was a modest increase that kept rates near the top of their recent range.
 
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https://www.forumnadlanusa.com/2025/11/mortgage-rates-rise-approaching-two-month-highs-after-early-bond-strength-fades/
#MortgageRates #HousingMarketUpdate #InterestRateForecast #EconomicNews #RealEstate2025

September Jobs Report Set for Release as Shutdown Ends and Delayed Data Begins Returning

With the federal government finally reopening, attention is now shifting to the long-delayed economic data that investors, analysts, and the Federal Reserve have been waiting for. The shutdown halted nearly every major federal report for weeks, disrupting the normal flow of information that guides financial markets and policy decisions. The Bureau of Labor Statistics confirmed that the first report to return — the September nonfarm payrolls number — will be released Thursday at 8:30 a.m., marking the first major economic update since the shutdown began. However, it won’t include the unemployment rate because the household survey, which requires in-person and phone interviews, couldn’t be conducted while agencies were closed.
 
The shutdown created significant gaps in the data pipeline. Aside from the September CPI, which was required to calculate Social Security cost-of-living adjustments, the government released no major reports. Some data, like October CPI, may never be recovered because it relies on time-sensitive, in-person collection that cannot be reconstructed. Both the BLS and BEA have warned that it will take time to rebuild accurate release schedules and ensure the quality of delayed reports.
 
In the absence of government numbers, markets were flying blind. Economists called it a “data fog,” where policymakers and investors had to rely on private-sector estimates to gauge the economy’s direction. This sparked frustration on Capitol Hill, with several senators accusing the administration of unnecessarily withholding information and demanding that agencies immediately publish a revised release schedule similar to what was done after the 2013 shutdown.
 
Many key reports — including October jobs, inflation data, JOLTS, productivity, retail sales, trade numbers, and the Fed’s preferred PCE inflation reading — still lack confirmed release dates. Officials hope to move quickly, but accuracy must be verified before public release. Retail sales, income, and spending data from the Commerce Department are also pending, further complicating the economic picture.
 
The timing of these releases is critical for the Federal Reserve. Officials meet on December 9–10, and most economists believe the Fed will need at least September, October, and November payroll numbers before deciding whether to cut rates. Some Fed members have recently questioned the need for another cut, citing mixed inflation signals and gradual cooling in the labor market. Jerome Powell has noted that alternative data suggests conditions haven’t changed significantly, but without official numbers, uncertainty remains unusually high.
 
The next few weeks will be packed and unpredictable as agencies work to catch up and the Fed tries to interpret the delayed data. The return of the September jobs report is an important first step, but a full restoration of federal economic reporting may take longer — and could influence the Fed’s next move as the year comes to a close.
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https://www.forumnadlanusa.com/2025/11/september-jobs-report-will-be-released-thursday-as-shutdown-delays-start-to-clear/
#EconomicUpdate #MarketNews #FederalReserve #JobsReport #Economy2025

U S Housing Supply Grows Again, But Market Shows Signs of Slowing

Housing supply continued to grow in October, giving buyers more options for the second full year in a row. According to Realtor.com, active listings rose 15.3% from last year and remained above one million for the sixth straight month. But while inventory is improving, the momentum seen earlier in the year is slowing, and the market is still more than 13% below pre-pandemic supply levels. All four major regions posted gains, with the West and South up 17%, the Midwest up 12%, and the Northeast up 9%. Even the nation’s 50 largest metro areas saw year-over-year increases, with Washington, DC, Charlotte, and Las Vegas leading due to a mix of more sellers entering the market and buyer demand weakening.
 
Despite the extra inventory, buyers are moving cautiously. Homes are taking longer to sell, sitting an average of 63 days on the market — five days longer than a year ago and marking 19 consecutive months of slower sales. Pending home sales dipped 1.9% year-over-year, and while new listings were slightly higher than last year, they still fell month-to-month in line with seasonal patterns. This shows that supply is rising not because of a wave of new demand, but because buyers are pulling back and waiting for better clarity on rates and economic conditions.
 
Prices remained mostly stable nationwide, with the average list price at $424,200, up only 0.4% from last year. Regional differences stood out: prices fell in the South and West, held steady in the Northeast, and rose slightly in the Midwest. Price cuts remain common, especially in markets where inventory has surged, such as Denver and Portland. Meanwhile, markets like Hartford and Chicago remain far below historical inventory levels, highlighting how uneven the recovery still is across the country.
 
This month’s data also reflects the impact of the ongoing federal shutdown. Cities with large federal workforces — such as Washington, DC, Virginia Beach, Oklahoma City, and Baltimore — are seeing fewer new listings and reduced buyer activity as families delay decisions over job security and missed paychecks. With buyers still cautious and inventory gains slowing, the housing market appears to be settling into a more balanced but slower phase. Conditions are improving, but at a gradual pace that signals a market stabilizing rather than accelerating.
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https://www.forumnadlanusa.com/2025/11/housing-supply-expands-again-but-theres-a-but/
#HousingMarketUpdate #RealEstateTrends #HomeInventory #MarketShift #HousingNews

Buyers Pause as Mortgage Rates Hold Above 6% and Housing Costs Climb

A new Redfin analysis shows that more homebuyers are stepping back as rising mortgage rates and economic uncertainty slow the housing market. Pending home sales slipped 0.3% year over year during the four weeks ending November 9 — a small decline, but the first drop in four months. Homes are also taking longer to sell, with the typical property now going under contract in 49 days, the slowest pace for this time of year since 2019. Demand hasn’t disappeared, but buyers are clearly acting more cautiously as affordability pressures grow.
 
After briefly falling to a one-year low of 6.17%, mortgage rates climbed again to 6.22% following signals from the Federal Reserve that a December rate cut is unlikely. At the same time, home-sale prices have risen 2.4% from last year — the fastest pace in six months — adding more strain for buyers already stretched thin. A recent Redfin survey shows just how hesitant consumers have become: 20% of Americans are delaying major purchases because of the government shutdown, and 15% have canceled a big purchase altogether. Even as new listings climb 3.4% year over year, creating more options for buyers, many shoppers simply aren’t ready to make a move.
 
Some buyers are holding out for mortgage rates to drop below 6%, hoping for better affordability. But agents warn that waiting could lead to more competition later. If rates fall noticeably, pent-up demand could surge and bring back bidding wars. And if prices fall, it might signal broader economic weakness, including job losses — something buyers are also worried about. For now, those who can afford to buy may find a quieter market with more negotiating power, including sellers willing to cut prices or offer concessions.
 
Even with softer demand, sellers still have an advantage in many markets because there are more listings than active buyers. Homes priced realistically from the start are getting the most attention. The overall direction of the market will depend on where rates go next and how quickly the economy stabilizes. If mortgage rates stay above 6% and uncertainty lingers, many buyers will remain on the sidelines. But if rates drop or economic confidence improves, housing activity could rebound quickly heading into 2026.
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https://www.forumnadlanusa.com/2025/11/prospective-homebuyers-waiting-for-lower-rates/
#HousingMarketUpdate #MortgageRates #HomebuyerTrends #RealEstateNews #MarketShift

Purchase Demand Hits Highest Point in Nearly Three Years as Buyers Return to the Market

Mortgage applications ticked up again last week, signaling a steady improvement in housing market activity even as mortgage rates saw a slight increase. According to the Mortgage Bankers Association, total application volume rose 0.6% on a seasonally adjusted basis for the week ending November 7. 
 
While unadjusted volume slipped by 1%, the underlying trend shows growing buyer interest as the year winds down. Refinance activity fell 3% for the week, but compared to last year, refi demand remains extremely strong—up 147% from this time in 2024. Even with the recent rate uptick pulling the average refinance loan amount to its lowest level in more than a month, refinance volume is still operating at a much healthier post-pandemic pace.
 
Purchase activity saw the biggest boost, rising 6% seasonally adjusted to its strongest level since September. MBA Deputy Chief Economist Joel Kan said buyers are stepping back in across all major loan types—conventional, FHA, and VA—particularly in markets where inventory is growing and price appreciation has cooled. On an unadjusted basis, purchase applications were up 3% for the week and stand 31% higher than a year ago, making this the strongest early November for purchase demand since 2022. The share of refinances made up 55.6% of all mortgage applications, with adjustable-rate mortgages slipping to 7.8%. FHA volume rose to 19.4%, VA applications dipped to 14.8%, and USDA loans remained unchanged.
 
Mortgage rates saw modest upward movement, with the 30-year fixed rising to 6.34%, the 15-year reaching 5.70%, and jumbo rates climbing to 6.46%. Despite the slight increases, rates remain well below the highs of 2023 and continue to give both buyers and refinancing homeowners more breathing room. With mortgage rates holding in a moderate range and more homes hitting the market, both purchase and refinance activity are showing stronger momentum than earlier in the year. These signs suggest that demand is stabilizing and could finish the year on a firmer footing than many expected.
 
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https://www.forumnadlanusa.com/2025/11/purchase-demand-near-best-levels-since-january-2023/
#MortgageNews #HousingMarketUpdate #RefinanceBoom #HomebuyingTrends #RealEstate2025

U S Housing Supply Expected to Grow in 2026 as Market Slowly Recovers

The 2025 housing market unfolded almost exactly as First American projected—slow, steady, and marked by small steps forward rather than a full recovery. Mortgage rates eased into the high-5% to low-6% range, affordability improved slightly as home prices cooled, and inventory rose gradually throughout the year. 
 
Even so, the market remained far from normal, with high prices and the ongoing lock-in effect keeping many homeowners from listing their properties. As 2026 approaches, First American expects the same forces that shaped 2025—tight supply in some regions, improving affordability, and strong life-driven demand—to continue playing a major role. The forecast highlights six key drivers for 2026: expanding supply, affordability trends, demographic pressure, regional differences, new-home strength, and pockets of financial stress.
 
Affordability is expected to improve only slowly. Mortgage rates are projected to stay in the low-6% range, and while a dip below that is possible, experts say rates alone won’t jumpstart the market. Instead, the bigger boost will likely come from rising inventory and stable home price growth. Home prices saw their slowest appreciation since 2012, and incomes grew faster than prices in many markets—a trend that, if it continues, will help more buyers enter the market. 
 
Another powerful force is pent-up demand. Between 2022 and 2025, roughly 4 million fewer home sales occurred each year compared to the pre-pandemic norm, meaning millions of households delayed buying or selling. With more than 50 million Americans now in their 30s, life events—marriage, children, relocation, downsizing, and caregiving—will continue to push people into the market even if rates remain elevated.
 
However, the market will vary dramatically by region. The Northeast and Midwest still face very tight inventory, and these areas are likely to see continued price stability and competitive conditions in 2026. Meanwhile, the South and West have far more homes for sale, including a surge of new construction. 
 
Metros like Austin and Tampa, which saw rapid price spikes during the pandemic boom, now have more supply than buyers, forcing sellers and builders to cut prices or offer incentives. This creates what experts call a “two-speed market” for 2026—softening conditions in the South and West, and ongoing tightness in the Northeast and Midwest. Rising insurance costs in coastal states may widen that divide further.
 
Foreclosure activity has risen but remains manageable. Analysts don’t expect a wave of distress, as most homeowners have strong equity and steady jobs. The two biggest triggers for foreclosure crises—large-scale job losses and widespread negative equity—are not present on a national scale. Stress is concentrated among households with high insurance expenses, thinner financial cushions, or mortgages from the peak-price years.
 
Listing activity, though still far below normal, is steadily increasing. More sellers in 2025 accepted the reality that rates may not drop back to pandemic levels, and many decided to move anyway for family or career reasons. Inventory turnover improved from 1.4% to nearly 1.5% during the year—still well under the historic 2.5%, but moving in the right direction. 
 
Builders remain cautiously active, offering aggressive incentives to attract buyers. Despite softer demand, new construction will continue to play a key role in 2026, especially as many existing homeowners remain locked into 3–4% mortgages and hesitate to list.
 
Overall, First American expects 2026 to be another year of gradual progress. The market won’t fully reset, but more supply, stable prices, rising incomes, and steady life-driven demand will help move buyers and sellers off the sidelines. The housing landscape will still be uneven, but it will take one more step toward balance, setting the stage for a healthier market in the years ahead.
 
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https://www.forumnadlanusa.com/2025/11/u-s-home-supply-forecast-to-increase-amid-recovering-housing-market/
#HousingMarket2026 #RealEstateForecast #HousingAffordability #MarketTrends #HomebuyerUpdate

When Will Jobs and Inflation Data Return After the Shutdown Here’s What to Expect

The ongoing government shutdown has frozen nearly every major U.S. economic report, leaving the markets blind to essential data on jobs, inflation, consumer spending, and income. With Congress close to approving a temporary funding bill, operations could restart soon, but economists warn that data releases will not return immediately. 
 
Agencies like the Bureau of Labor Statistics will need time to bring staff back, rebuild schedules, and catch up on weeks of missed reporting. Goldman Sachs expects the BLS to post a new release calendar early next week, with the delayed October jobs report potentially arriving as soon as Tuesday or Wednesday. But other critical releases, including inflation readings, retail sales, and the Fed’s preferred PCE index, will likely face delays of a week or more.
 
Even without official government data, private-sector indicators show a consistent economic picture: the labor market is cooling but not collapsing, inflation remains above the Fed’s 2% target, and economic growth is slowing from earlier highs but remains positive. Fed Chair Jerome Powell said the lack of government reports is inconvenient but emphasized that alternative sources show little change in recent trends. 
 
Economists expect the October jobs report to show a loss of roughly 50,000–60,000 jobs, highlighting a softer but still stable labor market. Growth estimates also reflect a downshift, with the Atlanta Fed projecting 4% GDP for Q3 and Goldman predicting just 1.3% for Q4, putting full-year growth near 2%.
 
Once the shutdown ends, agencies will resume releasing the backlog, but the process will be gradual and spread over several weeks. Until then, markets, analysts, and the Federal Reserve must rely on private data and early economic signals to gauge the path of employment, inflation, and overall economic momentum. The upcoming releases will be closely watched as they could influence expectations for interest rates, the strength of the labor market, and the pace of economic cooling heading into 2026.
 
🔍 If you’re looking to get the best possible mortgage in the U.S. for Foreign Nationals and Americans, and want to run an auction between more than 3,000+ lenders, click here👇
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https://www.forumnadlanusa.com/2025/11/when-will-jobs-and-inflation-data-return-after-the-shutdown-heres-what-to-expect/
#USEconomy #JobsReport #InflationUpdate #MarketNews #EconomicOutlook