National Market Update: November 2025

Thinking about making a move or just curious about the housing headlines? Here’s what’s happening in the real estate market this November—brought to you by Krista Klause, your trusted realtor for San Antonio, Bandera, Helotes, and all surrounding areas! 🌟

Homebuying Heats Up! 🔥

The Mortgage Bankers Association reports that national purchase applications jumped 6% last week—an impressive 31% higher than the same week last year! Buyers are motivated, and the start to November is the strongest in three years. 🏃‍♂️🏃‍♀️

More Choices + Better Conditions 🏠✨

According to the National Association of Realtors, inventory is up, giving buyers more breathing room. Homes are spending a little longer on the market, and with prices holding steady, more sellers are open to price cuts. It’s a win-win for active house hunters!

Easier Mortgage Access 🚪

The MBA’s Mortgage Credit Availability Index climbed in October to its highest level in three years. Conventional mortgages—those backed by Fannie Mae and Freddie Mac—are now more within reach, helping more buyers qualify and compete successfully.

Mortgage Rates: Steady (But Still Volatile!) 📉

Nationally, the 30-year fixed mortgage rate hovers at 6.24–6.32% this week, according to Freddie Mac, NerdWallet, and other national trackers. These averages are mostly flat, hovering near yearly lows. But rates can be volatile, so always check for the latest numbers when you’re ready to move!​

Stock Market Recap: Mixed Moves 💹

Last week, two of the three major stock indexes finished higher: The Dow rose 0.3% to 47,147, the S&P 500 gained 0.1% to 6,734, while the Nasdaq slipped 0.5% to 22,901. The government shutdown has ended, but traders remain cautious as expectations for a Fed rate cut are pushed further into the new year.

Notably, the President has ordered tariff cuts on hundreds of food items—good news for shoppers everywhere! 🍌☕🍖

Fed Rate Watch & Economic Data 🕒

Federal Reserve members suggest no rate cuts until at least January 2026. The current policy rate sits between 3.75%-4.00%. October housing starts are expected to reach 1.34 million—with permits a bit higher—and existing home sales should keep climbing.

DID YOU KNOW… According to NAR, the top reason for moving in 2025 is to be closer to family or friends. Changes in family needs and home size are also big drivers—life changes, not just profits, are shaping today’s market!