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“Because real estate owners and other real estate market participants keenly focus on the identification, assessment, mitigation, underwriting, insurance and pricing of risk, they create a unique case study for understanding the ways in which climate-related risks are likely to impact individual actors and the market ecosystem as a whole.”
–From an MBA white paper examining how climate-related risks are dramatically changing the U.S. real estate market.

MBA Weekly Survey July 6, 2022: Applications, Rates Take Tumbles

Mortgage applications fell for the first time in four weeks, while mortgage rates fell for the second straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 1.

MBA Weekly Survey July 6, 2022: Applications, Rates Take Tumbles

Mortgage applications fell for the first time in four weeks, while mortgage rates fell for the second straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 1.

Housing Market Roundup, July 6 2022

Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:

CoreLogic: Annual Home Price Gains Blast Past 20%

CoreLogic, Irvine, Calif., said year-over-year home price growth dipped slightly from April but still posted a 20.2% increase in May, the 124th consecutive month of gains.

Land Use Analysts Seek Solutions to Save Water, Money

Real estate and land use professionals can address challenges associated with drought and limited freshwater availability by prioritizing water conservation, efficiency and reuse, according to a report from the Urban Land Institute.