Derek McGowanLoan Officer / Owner, McGowan Mortgages · Branch Manager & Top-Ranked Mortgage Advisor

Home Sales just hit 3-Year Highs! 🏠

17 Jan 2026 · 1 min

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0:48

Short YouTube market commentary by Derek McGowan reporting that falling mortgage rates have quickly increased demand in the U.S. housing market. Key claims: 2025 new home sales rose 5%, new purchase applications jumped (16% recently; 13% year‑over‑year), and refinance applications surged 128%; prices are stabilizing. The speaker advises viewers to watch the market to save when buying a new home.

Questions this video answers

Up 5%.

Up 16% (week-over-week).

Up 13% year‑over‑year.

Up 128%.

Chapters

Home sales just hit three year highs right as mortgage rates hit three year lows. I've been telling people for quite some time this would happen. You might think is it still too expensive and too pricey to buy a new home right now? Problem is when mortgage rates drop, demand goes up fast just as we're seeing just from November to December. In 2025 new home sales went up 5%. We're at the highest levels we've had in three years. And as I mentioned in the past, it happens fast. Just with mortgage rates dropping in the last week, new Purchase applications are up 16%. Week over week new purchase applications are up 13% compared to this time last year, refinanced mortgage applications are up 128%. So people are getting lower mortgage rates right now with prices stabilizing, rates dropping. This is the big shift I've been talking about with previous videos. All of this and watch out for more will keep you ahead of the market so you can save on your new home.