Housing Markets News from National Mortgage News

July sales rose 7% compared with the previous year, but a 7.7% drop in pending listings indicates future loan volume is drying up, according to Zillow.

The 3 basis point gain in the 30-year fixed comes as investors are now pricing in the likelihood of a Federal Reserve short-term rate hike in September.

The bill, which is meant to free up housing supply locked in by high mortgage rates, does not include assumable mortgages which stick with the property.

Incomes have been rising faster than what buyers need to earn to afford one of these homes, but the annual gain began shrinking in January, Redfin found.

An industry sentiment index hit a new low, with 45% of investors saying the current business environment has worsened compared to a year ago.

About 7% of Zillow's workforce was let go, one of the steepest cuts in company history, trailing a 25% slice following the closing of Zillow Offers in 2021.

The deal wraps up the transformation efforts Radian announced when it agreed to acquire specialty insurer Inigo and divest the non-mortgage insurance units.

The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.

Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.

The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.

The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.

While buyers' leverage now spans 41 of the 50 largest metros, starter-home sales fell 5.4% amid affordability concerns.

Economic uncertainty is turning into 2026's defining theme that dictates housing market trends, according to over one-third of lenders surveyed by HomeLight.

While U.S. home values fell in real terms for the 12th consecutive month, voices say slow inventory growth has flipped the script away from the south and towards east metros.

Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.

ICE data reveals home value growth hit a 15-month high, prompting originators to target resilient markets like upstate New York and pivot focus toward single-family inventory.

Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.

Sentiment towards the presence of the structures backing AI development varies by generation, but a growing number of buyers are raising questions, Redfin says.

The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million but still more than analysts expectations of $2.36 per share.

The median down payment for a potential Gen Z homebuyer is well below the amount the three older generations are looking to make, a LendingTree study found.