Analysis and Data
Mortgage applications slip overall as refinances cool, but loan size hits two-month high
But latest new home sales report shows July 2025 sales stayed about flat from June’s upwardly revised rate
Builders offering incentives to move inventory as they proceed more cautiously with new projects
Houses trending smaller as builders contend with affordability issues
About 63% of unoccupied houses in U.S. owned by investors
Of the 24.9 million investor-owned homes nationwide, 3.6% were vacant.
Flat sales push builders toward incentives to manage inventory growth.
Redfin reports a record-breaking 58,000 deals fell through in July
Realtor.com highlights areas where new construction is helping to ease affordability constraints.
Typical house’s days-on-market rose by a week as a range of factors were at play