Weekly Housing Headlines

This week saw an increase in mortgage applications; national house price growth slowed for the sixth consecutive month; foreclosure filings decreased in Q1; home prices show signs of slowing down; the market remains in a holding pattern and builder confidence has fallen slightly.

June New Home Purchase Mortgage Applications Increased 0.7 Percent
Mortgage Bankers Association - 7/18/2024
Applications for new home purchases slowed in June, consistent with broader declines in single-family construction and new building permits as well as typical seasonal patterns.

National House Price Growth Slows For Sixth Consecutive Month
National Mortgage Professional - 7/16/2024
House prices nationally are now 54.7% higher compared to pre-pandemic levels, according to the June 2024 Home Price Index report from First American Data & Analytics.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 7/17/2024
Mortgage applications increased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending July 12, 2024.

Weekly Housing Trends View — Data for Week Ending July 13, 2024
Realtor.com - 7/18/2024
This week’s data revealed a housing market in a holding pattern with no price growth, a slower market and more price reductions.

ATTOM: Foreclosure Filings Decreased in the First Half
MortgageOrb - 7/12/2024
A total of 177,431 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2024, according to ATTOM.

Fannie Mae: Home Prices Show Signs Of Slowing
National Mortgage Professional - 7/18/2024
Single-family home prices saw a year-over-year increase of 6.9% in Q2 2024, per Fannie's latest Home Price Index.

Single-Family Starts Weaken in June
Eye On Housing - 7/17/2024
Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

U.S. Home Appraisals Were Higher Than Sale Prices 51 Percent of the Time in First Half
MortgageOrb - 7/16/2024
The gap between appraisals and sale prices is the highest that it has been since the start of the pandemic in 2020, according to a report from Corporate Settlement Solutions.

The housing market, explained in 6 charts
CNBC - 7/13/2024
The housing market looks far different than it did when the pandemic was just starting. These charts help explain why.

Builder Confidence Falls Slightly in July
National Mortgage Professional - 7/17/2024
Builder confidence in the market for newly built single-family homes was 42 in July, down one point from June, according to the National Association of Home Builders/Wells Fargo Housing Market Index.