A Summer Housing Market Cooldown?
Reports from House Canary, Washington, D.C., and Redfin, Seattle, point to slowing housing market activity this summer following a breakneck pace over the past two years.
Analysis: 1/3 of Declined Mortgage Applications Addressable with Homebuyer Assistance
Down Payment Resource, Atlanta, said its analysis of mortgage loan applications found nearly one-third of declined mortgage loan applications are both declined for reasons that can be addressed with homebuyer assistance and eligible for homebuyer assistance programs.
Multifamily Posts Broad Gains; Asking Rents Top $2,000
Multifamily performance continued its strong run in May, reported Yardi Matrix, Santa Barbara, Calif. In a separate report, Redfin, Seattle, said median monthly asking rents topped $2,000 for the first time.
Jobless Claims at 5-Month High
Initial claims for unemployment insurance jumped last week to their highest level since January, but remain near post-pandemic lows, the Labor Department reported Thursday.
