Analysis and Data
Increases were much smaller than the previous week.
Says 'there’s no question that the housing market has long lost momentum.'
Time on market was 42 days, 5 days more than last year but 22 days less than typical pre-pandemic levels.
Keep an eye on listing price reductions to predict prices
Refinance share of applications fell to 30.1%.
Agency said that, compared to the first quarter of 2022, house prices were up just 4%.
The GSE's single-family business reported a second quarter 2022 CRT issuance of approximately $6.5 billion.
Mortgage volume down modestly in 2023
Zillow says homes sold at or near $1 million shrank by nearly 500 square feet, a new low for 2022.
S&P CoreLogic Case-Shiller U.S. National Home Price Index for June 2022 shows that home prices continue to increase across the U.S., but at a declining rate.