All

Laura Escobar is a 35-year real estate finance industry veteran.

Increase is the largest since November 15, 1994.

Loan officers are starting to loosen their lending standards — albeit a little — to keep their pipelines nice and fat.

For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief. 

NAHB/Wells Fargo Housing Market Index fell two points in June to 67, the lowest HMI reading since June 2020. 

Spiking borrowing costs and home prices prompted real estate investors to lose steam, especially for high- and mid-priced homes.

Both the Refinance and Purchase indices increased from a week earlier, but remain significantly lower as compared with last year.