1d • General discussion
While Everyone Watched the War, Buyers Kept Moving.
I was gone for the weekend so here are some coming updates. Enjoy. Have a good one! -John
Buyers didn't wait for the headlines to feel better. Per MBA, purchase applications for the week ending July 3rd came in 5% above the same week last year — the third straight month buyers have outpaced 2025, even through a holiday week, an Iran escalation, and rising rates. VA purchase applications jumped 5% and refis are running 8% ahead of last year, while jobless claims (215K) beat expectations for a second week and Q1 GDP was revised up to 2.1%. Yes, oil surged and yields hit a one-month high after Iran struck 85 U.S. military sites — rates are under real pressure and expected to stay above 6% through the rest of 2026. But they're still lower than a year ago, 826,000 unsold homes have brought inventory back to pre-pandemic levels, and the buyers signing right now, in the middle of all this noise, are the ones who won't regret their timing.
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While Everyone Watched the War, Buyers Kept Moving.
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