The WPJ

Titusville

Mortgage Application Payments Hold Steady in June, Despite Higher Rates

According to the Mortgage Bankers Association's Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in June 2022, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May 2022.

National U.S. Office Rents Slip Annually in May

According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.

Homebuyer Competition Falls for Second Consecutive Month

National property broker Redfin is reporting this week that 60.7% of home offers written by Redfin agents nationwide encountered competition on a seasonally adjusted basis in April.

U.S. New Home Sales Dive 27 Percent Year-Over-Year in April

According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage interest rates and worsening affordability conditions continue to take a toll on the housing market.

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