Housing markets

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

In the Pacific region and Mountain states recorded real estate value drops compared to last year, the Federal Housing Finance Agency found.

"I do believe you'll begin to see some improvement, or increases, in new housing as we head into the back half of the year," Chief Financial Officer Jim Peters said in an interview. "We're hearing optimistic stuff from the builders we deal with."

The bottom five metros have an average five-year median home value appreciation of 35.46%.

Overall sentiment in the segment shows 30% of businesses expect market conditions to become more favorable for them over the next six months, while 26% said they would get worse, according to a new study.

The top five metros have an average five-year median home value appreciation of 48.49%.

The nation's most flood-prone counties experienced a net influx of about 400,000 people in 2021 and 2022, Redfin found.

The uptick in loans 30-to-60 days past due was offset by a continued, significant decline in mortgages 90 days or more past due which aren't in foreclosure.

Plaintiffs accuse the NAR and the multiple listing services of antitrust violations because of rules around shared broker compensation fees.

Rising interest rates during June worked to hold potential new homebuyers out of the market, the Mortgage Bankers Association's Builder Application Survey found.