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| Home Prices Still Growing, But at The Slowest Pace Since 2012 | ||
| 8/27/2025 3:37 PM | ||
| Both the FHFA and the S&P CoreLogic Case-Shiller indices published updated home-price data this week. The takeaway remains the same: prices are rising year-over-year, but at an increasingly slow rate. Case Shiller--the more volatile index--is at the lowest pace in more than 2 years while the broader FHFA index is the lowest since 2012 in year-o...Read More | ||
| New Home Market Remains Stuck in Neutral | ||
| 8/27/2025 3:19 PM | ||
| The latest New Home Sales report showed little change in July, with sales holding very close to June’s pace. The seasonally-adjusted annual sales rate came in at 652,000. This marks a -0.6% dip from June’s revised 656,000, and leaves sales -8.2% lower than July 2024’s 710,000 level. For all practical purposes, the pace of sales continues to run s...Read More | ||
| Mixed Mortgage Demand, But Lower Rates Should Help Next Week"s Refi Numbers | ||
| 8/27/2025 2:56 PM | ||
| Mortgage application activity was little changed last week, with only a fractional decline in overall volume. The Mortgage Bankers Association’s weekly survey showed a 0.5% decrease in the seasonally adjusted Composite Index for the week ending August 22, 2025. “Mortgage rates inched higher for the second straight week, with the 30-year fixed-rate...Read More | ||
| Existing Home Market Still Crawling Along The Bottom Despite Modest Bounce | ||
| 8/21/2025 9:53 AM | ||
| After sliding back in June, existing-home sales picked up in July. The latest update, released August 21, shows a modest rebound. Sales rose 2.0% to a seasonally adjusted annual rate of 4.01 million are now 0.8% higher than a year ago. As has been and continues to be the case, zooming out on the same chart puts things in the most accurate perspec...Read More | ||
| Mortgage Applications Inconsequentially Lower vs Last Week | ||
| 8/20/2025 11:39 AM | ||
| Mortgage application activity eased last week, but not in a statistically significant way. One might be inclined to note a very slight uptick in mortgage rates, but it"s just as fair to say that rates held steady near longer-term lows. The Mortgage Bankers Association’s weekly survey showed a 1.4% decline in the seasonally adjusted Comp...Read More | ||
| Incentives Rise as Builder Confidence Matches 2022 Low | ||
| 8/19/2025 2:17 PM | ||
| Builder sentiment remains deeply subdued, as the National Association of Home Builders (NAHB) and Wells Fargo’s Housing Market Index (HMI) dipped one point in August to 32—its 16th straight month below the key 50 mark, and matching the lowest level since December 2022. Current sales conditions fell one point to 35 Sales expectations for the ...Read More | ||
| Multifamily Construction Surge Masks Weaker Building Permit Pipeline | ||
| 8/19/2025 1:51 PM | ||
| The latest Residential Construction report from the Census Bureau showed a sharp rebound in July, with overall housing starts climbing 5.2% to a 1.428 million annual pace. Multifamily activity led the way, jumping to 470k—its highest level since May 2023—while single-family starts rose 2.8% to 939k. At the same time, permits slipped to 1.354 millio...Read More | ||
| Refi Demand Surged as Rates Hit Longer-Term Lows | ||
| 8/13/2025 8:51 AM | ||
| Mortgage application activity surged last week as sharply lower mortgage rates boosted refinance demand and gave purchase applications a modest lift. The Mortgage Bankers Association’s weekly survey showed a 10.9% increase in the seasonally adjusted Composite Index for the week ending August 8, 2025. “Mortgage rates fell to their lowest level sinc...Read More | ||
| Falling Rates Spark Modest Rebound in Mortgage Applications | ||
| 8/8/2025 12:16 PM | ||
| Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association’s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Composite Index from the prior week. “Mortgage rates moved lower last week, following declining Treasur...Read More | ||
| Mortgage Applications Fall as Rates Held Near Highs | ||
| 8/1/2025 2:28 PM | ||
| Mortgage application activity fell last week, reversing prior momentum and highlighting continued softness in both purchase and refinance demand. The Mortgage Bankers Association’s weekly survey showed a 3.8% decline in the seasonally adjusted Composite Index for the week ending July 25, 2025. “Mortgage applications fell to their lowest level sinc...Read More | ||
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