Origination

According to the latest Fannie Mae National Housing Survey, roughly half of homeowners aged 18-34 would be interested in making energy-efficiency improvements such as installing solar panels, while the share of these figures was much higher than the average level of interest across the general population of homeowners.

Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.

The National Association of Realtors’ latest Existing Home Sales Report shows that home prices have now increased for 124 consecutive months.

HUD and the Census Bureau report that single‐family housing starts in June were 8.1% below May’s figure, as builder confidence continues to fall.

NAHB has found buyer confidence dipping over 10 points in July, the second largest drop on record, only eclipsed by a 40+ point decline at the onset of the pandemic.

Median sales prices, up both month-over-month and year-over-year, slowed a bit in June, increasing by less than 1%.

Dominic Fahey of Doma details the three ways to sign on the dotted line as technology adoption stalls.

Freddie Mac reports that mortgage rates climbed back upward to 5.51% this week, just one week after a sharp drop and paced by “runaway” inflation.

Price drops are a common feature of a cooling housing market, as home sellers contend with apprehensive buyers amid rising rates and a looming recession.

Realtor.com reports that home price growth is expected to ease in the weeks ahead, pointing toward a rebalancing of market conditions.