Welcome to December!

As we head into the final month of the year, we are seeing home purchase applications for a new mortgage (not refinance) reach their highest levels since 2023.  We can see it clearly in both of the charts below.  This is setting up for an interesting 2026.  The housing market isn't moving as it was in recent years, but it's also not crashing.  We are still not even to normal inventory levels, and buyers are showing an appetite for mortgages firmly under 6.5%.  We'll keep a watch on activity through this month as previous years have shown a pick up in home sales to end the year.

My family is headed to Disneyland this weekend.  We are very excited, I've never been during a holiday.  Next week's newsletter may be short due to a time crunch between getting home and Wednesday's delivery.

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com