- Housing News
- August 27, 2021
New Home Sales Stabilize in July
Despite a dip in mortgage applications in July, 2021 had the second-strongest July since 2012, with new home sales unchanged from June.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
Despite a dip in mortgage applications in July, 2021 had the second-strongest July since 2012, with new home sales unchanged from June.
If you're thinking of selling a house, you might be feeling a little overwhelmed—especially if you need to sell your house fast. You're constantly running through the to-do list in your head: hire a real estate agent, stage the home for viewings, get a home inspection.
After declining for four straight months from February through May, existing home sales are on the comeback trail, having now risen for two months in a row.
For the fourth month in a row, mortgage applications for new home purchases have declined.
It appears that June's good news on the new home front was short-lived, as a new report shows that construction of new single-family homes declined in July.
If you've been paying attention to real estate over the last year, you saw home prices rise substantially…unless you lived in Springfield, Illinois, that is. That's because home prices rose in just about every major metropolitan area in the last year. The only market where prices fell? Springfield.
For much of the year, one of the common concerns among would-be homebuyers is that there are simply not enough homes on the market. It looks like there might be a bit of a light at the end of that tunnel, especially for first-time homebuyers.
If it seemed like more people were refinancing their mortgages in July, it’s because they were. A new report shows that refinance activity picked up significantly in July, with interest rate locks for rate and term refinances climbing by nearly 25% in one month.
Renters who want to become homeowners may soon find it easier to buy a home thanks to a significant lending policy change from Fannie Mae.
The constant increase in home prices over the last few years has continued to provide more financial benefits to owning a home.
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