July New Home Sales at 6-1/2 Year Low; Price Growth Decelerates

New home sales fell to their slowest pace in six and a half years, while inventories stockpiled, HUD and the Census Bureau reported Tuesday. In a separate report, RE/MAX, Denver, said median home sales prices fell for the first time since January

Housing Market Roundup Aug. 23, 2022

Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:

July Housing Starts Take Sharp Hit

It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.

FHFA Announces Update for Services to Maintain Fair Lending Data

The Federal Housing Finance Agency on Wednesday announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term.