The National Association of Home Builders reported this past week that rising U.S. mortgage rates reaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September 2022.
Based on ATTOM's August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 14 percent from a month ago and up 118 percent from a year ago.
According to new data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 2, 2022, U.S. mortgage applications decreased 0.8 percent from one week earlier.
According to the latest Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 29, 2022, U.S. mortgage applications increased 1.2 percent from one week earlier.
According to the National Association of Realtors, pending home sales decreased in June 2022, following a slight increase in May 2022. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.
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