Analysis and Data
The national foreclosure rate remained just above the record low set in May.
Sales fell 12.6% from June, but are down nearly 30% YOY as affordability continues to shrink.
Mortgage brokers, originators, and loan officers dealing with business being down.
Fannie Mae predicts mortgage originations continue to drop below 2019 levels.
Home prices increased at their slowest pace since June 2020, rising 7.7%
Redfin says a number of metrics that reflect a cooling market are now leveling off.
Zillow says it's surprising, but points to a rebalancing of the housing market.
In dollar terms, home investing up over 10% year over year.
Median house price was $403,800, up nearly 11% YOY, but down from June.
Home purchase demand expected to drag through the end of the year.