November 14, 2025 Economic and Housing Market Update

November 14, 2025

Overview

• The Realtor.com® economics personnel video update offers you the relevant economic and true estate files you like to know each week each Friday to navigate the housing market as a homebuyer, home vendor, or alternate skilled.
• For the week ending November 14, Realtor.com® Chief Economist Danielle Hale discusses the end of the file-setting executive shutdown and what reopening reach for housing. Danielle highlights key research on how 0% down VA loans support defense pressure provider people and veterans change into householders sooner. As mortgage rates crept up, the most most contemporary week’s housing files printed fluctuations in vendor passion and a few purchaser friendly traits. Danielle recaps 2 high-level proposals to deal with housing affordability and mortgage lock-in: a 50-year mortgage and a portable mortgage and why neither is seemingly the most simple resolution.  At closing, Danielle wraps up by highlighting the most effectively liked home traits in 2025.
• Secure all the facts along with chunky reports and our housing files for download at realtor.com/research. That you just must also apply us on X (formerly twitter) for true time updates. And instagram @realtordotcomecon for graphics.

Experiences and articles referenced

• Dream Dwelling Sooner: How a 0% Down VA Mortgage Cuts 4.4 Years Off the Wait
  https://www.realtor.com/research/va-loans-2025/ 
• Freshest Dwelling Traits in 2025
  https://www.realtor.com/research/most up to date-home-traits-2025/ 
• Q2-2025 Famend Mortgage Debt Characterize
  https://www.realtor.com/research/2025-q2-excellent-mortgage-files/   
• Weekly Housing Market Traits – Week of November 8
  https://www.realtor.com/research/weekly-housing-traits-scrutinize-files-week-nov-8-2025/ 
• Commentary on a Proposed 50-year Mortgage
  https://www.realtor.com/research/50-year-mortgages-november-2025/ 
• Commentary on Proposed Transportable Mortgages
  https://www.realtor.com/research/portable-mortgages-no longer-feasible-lock-in-pause/ 
• Commentary on Mortgage Rates – November 13, 2025
  https://www.realtor.com/research/freddie-mac-mortgage-rates-november-13-2025/  
• News on the Federal Executive Reopening
  https://www.realtor.com/news/traits/executive-shutdown-end-reopen-apartment-vote/ 

Housing files for download

• https://www.realtor.com/research/files

VIDEO TRANSCRIPT:

• This week introduced headlines about a executive restart and sleek mortgage suggestions. I’m Danielle Hale, Chief Economist at Realtor.com®. Let’s stroll thru what they mean for homebuyers, sellers, and the housing market more broadly.
• The federal executive shutdown has formally ended. As federal workers and companies beginning to work thru backlogs we’ll watch a smaller affect on home gross sales in November than in October. 
• One indispensable enlighten amid reopening, is that the most contemporary deal is handiest momentary for most companies. This reach that sleek agreements ought to be reached by January 30, 2026 to preserve some distance off from one more shutdown.
• Fortunately, Veterans Affairs and Agriculture were among the many completely funded divisions. In assorted phrases, a January funding impasse will no longer disrupt VA and USDA lending in the sleek year. Right here is necessary for housing. 
• Veterans Day research highlights how helpful VA lending is for defense pressure provider people and veterans aiming to form the American Dream. Realtor.com diagnosis found that the 0% down earnings permits homeownership 4.4 years sooner. Yet amazingly, higher than two thirds of veterans aloof don’t know about this earnings that they’ve earned. 
• Taking a peep on the broader market, mortgage rates were roughly unchanged this week, rising correct 2 basis aspects. We could perchance likely watch bigger swings ahead as investors react to executive files that can by some means trickle out, but I don’t rely on we’ll be completely caught up sooner than the December Fed meeting in no longer up to a month. As of taping a revised launch time table has no longer been printed.
• Taking a peep at weekly traits in housing files, inventory persisted to develop, extending beyond a 2 year stretch, even as the expansion price moderated further. Original checklist process has watch-sawed no longer too long ago making it harder to gauge vendor passion. Investors in the market can rejoice softer costs relative to a year ago and have more time to earn decisions, per what we’ve considered in assorted weeks.
• Despite softer asking costs, the inability of housing affordability remains a first-rate divulge on one of the best likely level. This week noticed 2 proposed solutions, a 50-year mortgage and mortgage portability, shatter traction as the President and his administration are clearly exploring ideas to voice the label of housing within reach.
• At a high level, the 50-year mortgage lowers monthly funds for homebuyers, bringing down the label of procuring, but this desire has a tradeoff. Investors would steal longer to accrue most necessary equity, pay more in passion over the life of the mortgage, and a 50-year mortgage would seemingly have a increased price, mitigating about a of the monthly savings relative to a 30-year mortgage.
• Mortgage portability is designed to mitigate the mortgage price lock-in we’re seeing among many sleek householders who could perchance additionally no longer ought to alternate their 3% mortgage price for on the sleek time’s 6-plus p.c price. In desire to getting a brand sleek mortgage whereas you occur to promote and aquire a brand sleek home, you correct steal your sleek mortgage (and price!) with you. Analysis displays that the lock-in pause hampers mobility and residential gross sales, but it completely’s some distance from the handiest component holding encourage movers. 
• So it could perchance likely support, but is it feasible? Mortgage portability would require most necessary modifications to the mortgage securities pipeline–the job by which investors funnel money to homebuyers by job of lenders–and broadly renegotiating contracts could perchance no longer be imaginable for the community most more seemingly to earnings from portability: on the sleek time’s locked-in householders. 
• A nearer reach to this problem could perchance likely be making it more straightforward to construct properties in the areas the put other folks ought to are residing.
• To wrap up on a lighter enlighten – Realtor.com no longer too long ago studied checklist descriptions to search out the most up to date home traits in 2025. Atmosphere friendly, resilient, and self-sustaining aspects were among the many fastest growing this year.
• That you just must score all the facts, along with chunky reports and our housing files for download, at realtor.com/research.  That you just must also apply us on X (formerly twitter) for true time updates. And instagram for graphics.

Subscribe to our mailing listing to earn monthly updates and notifications on the most contemporary files and research.