Analysis and Data
Single-family home prices increased at the annualized rate of 19.4% in the second quarter of 2022.
ATTOM found 96% of major metro areas had an annual increase in foreclosure filings as the U.S. foreclosure levels spiked 219%.
Net new listings increase for pricey homes (400k+), while new listings for affordable homes decrease.
In latest weekly survey, applications decreased 1.7% from one week earlier.
Latest Consumer Price Index report sets up Federal Reserve for another 75-basis-point rate hike.
The 0.3% decrease indicates that lending standards are constricting.
Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.
The Mortgage Delinquency Rate dropped in April for the 13th straight month.
Total mortgage rate locks by dollar volume decreased 3.8% in June; total lock volume down 32.0% from a year ago.
Nearly 15% of home purchase agreements fell through in June, hinting that buyers are taking more time to re-negotiate.