Existing-home buyers who paid below asking in 2025 received an average discount of 7.9%, the largest since 2012, Redfin said.
Wood Markets News
US Single-Family Rental Stock Falls to Lowest Level on Record in 2024
Large multifamily buildings make up the biggest share of US rental housing, while single-family rentals fell to their lowest share on record, Redfin said.
US Producer Price Index for Final Demand Increases 0.5% in December
The US Producer Price Index for final demand rose 0.5% in December 2025, slightly above the gains in October and November.
Fannie Mae Releases December Activity Summary
Fannie Mae said its guaranty book grew at a 1.1% annualized rate in December 2025, while single-family delinquencies edged higher and multifamily delinquencies fell.
Canadian GDP by Industry for November
Canadian real GDP was virtually unchanged in November 2025 as a decline for goods offset modest services growth.
Canadian Payroll Employment Falls in November
Canadian payroll employment fell 0.1% in November 2025 but was up 0.3% year-over-year, while job vacancies held near 472,000.
Leading Indicator of Remodeling Activity Points to Slower Growth Through 2026
Harvard’s LIRA projects that year-over-year growth in US home renovation and repair spending will slow through 2026.
US Mortgage Application Payment Index Falls in December
The national median mortgage payment declined to $2,025 in December 2025 from $2,034 in November, as borrower affordability continued to improve, MBA reported.
Glennon Brothers Acquires UK Timber-Processing Business Pontrilas Group
Glennon Brothers has acquired UK timber processor Pontrilas Group, boosting its production capacity and expanding its presence across the UK timber market.
US Mortgage Rates Edge Higher in the Week Ending January 29
The 30-year fixed-rate mortgage averaged 6.10%, up from 6.09% the previous week, Freddie Mac reported.