Analysis and Data
Number of U.S. properties facing foreclosure is up more than 25% from a year ago.
Risk year-over-year also declined, but CoreLogic officials expect trend to reverse.
Down 14.4% in July from a year earlier, declining home sales are a symptom a cooling housing market.
MBA economist says purchase activity may pick up if mortgage rates continue to move lower.
Originators and lenders need to pay heed to possible impacts.
Sinking builder confidence leads to fewer starts but more completions.
In reverse of pandemic trend, competition for mid- and high-priced homes not as white hot among buyers.
About 16% of home-purchase agreements called off in July, highest rate in 2 years.
Both Fannie & Freddie are sufficiently capitalized, FHFA says.
NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.