The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
Realtor.com projects more inventory, less competition, and lower listing prices next week, giving originators a short window to revisit sidelined borrowers
Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low
Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one
Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates
June sales climbed 5.9% from a year earlier as mortgage costs eased, while inventory growth slowed to its weakest pace since late 2023, signaling a more balanced purchase market
Realtor.com report finds median down payment drops 19% year-over-year while FHA and VA usage rises
Following the same trend as existing home sales, a growing number of new homes are taking longer to sell