Sales of new single-family houses in July were at a seasonally adjusted annual rate of 607,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 10.5% below the June rate of 678,000 and is 6.3% below the...
Two new data reports have affirmed the continuation of year-over-year home price acceleration. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.5% annual gain in June, up from a 1.2% rise in the previous month. The 10-City Composite...
A new data report from Redfin has found 14% of home sale agreements that went under contract in July were cancelled, up 13.7% from June. Last month’s cancellations marked the highest share in nearly three years on a seasonally adjusted basis. Redfin noted the deals...
Mortgage rates declined for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. A year ago at...
A new data report from ATTOM has determined that 41.1% of mortgaged residential properties in the second quarter were equity-rich, down from 43.3% in the first quarter and from 47.4% in the second quarter of 2025. After four straight quarters of decline, the national...