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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.

Expansion extends the company’s agency footprint to Colorado, Montana, Utah, & Wyoming.

Downturn in housing industry cited; Compass also winding down Modus Technologies Inc.

The weekly index is designed to provide the market timely tracking of refinance activity and historical trends.