Housing markets

Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.

A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.

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Elevated mortgage rates and consumers' uncertainty about the economy are weighing on housing demand in the US as a whole, but wealthier buyers have been cushioned by higher incomes, home equity and well-performing stock portfolios.

As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.

About 73% of potential buyers intend to purchase within the next year, up slightly compared to the first quarter, according to a Veterans United survey.

An index of contract signings decreased 2.3% to 71.2, the lowest since January and matching the second-worst reading in data back to 2001, according to National Association of Realtors data released Tuesday.

Housing starts fell 12.4% last month to an annualized rate of 1.24 million, according to federal government data released Tuesday.

The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.

More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.

US wholesale inflation decelerated in July by more than estimated, likely giving the Federal Reserve more time to assess price pressures going forward.

United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.

The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales ahead of the midterm election.

Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.

Contract closings decreased 1.7% in July to an annualized rate of 4.06 million, according to National Association of Realtors figures released Tuesday.

The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.

The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.

The markets mostly believe the jobs report put the damper on a September hike, but some still think the Federal Open Market Committee is likely to raise first.

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.

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.