Analysis and Data
Rising natural disaster risks influence migration trends, with many relocating to high-risk areas despite potential future costs.
Delinquency rate near-record-low trend; foreclosure starts remain below pre-pandemic levels.
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
‘First-half of the year was a downer,’ as sales fell 23%.
Applications, however, fell 5% from May, due in part to rising mortgage rates.
Profit margins on typical sales nationwide increased after 3 quarterly declines.
Potential Home Sales Model suggests sales pace will begin to settle into a new normal.
Decline a surprise following report of growth in builder confidence.
A decline in mortgage rates mostly boosted refinance applications.
A resilient labor market drove forbearance rates lower, the MBA says.