“Zombie foreclosures continue to be a mere blip on the radar screen – one of many measures of the overall strength of the U.S. housing market. After some worries about a rise in abandoned homes following the end of the COVID-era foreclosure clampdown, they remain an anomaly throughout most of the country…”  Said Rob Barber, CEO for ATTOM.

Click here to read the full report at ATTOM.

“Housing market activity essentially froze at the end of the spring homebuying season as high mortgage rates continued to compress affordability and dissuade potential homebuyers. The 0.3% gain in prices from the month before was less than half the increase seen between May and June prior to the pandemic, when the gains averaged 0.8%. In addition, cooling home prices continued to spread across more markets, and nine states reported a monthly decline, up from three states last month. The April surge in mortgage rates notably weighed on consumer sentiment, and consumers increasingly chose to respond to the anticipation of a lower mortgage rate environment later this year.”   Said Dr. Selma Hepp, chief economist for CoreLogic.

Click here to read the full report at CoreLogic.

Click here to read the full report at ICE Mortgage Technology (formerly Black Knight).

“U.S. house price movement was flat in May…The slowdown in U.S. house price appreciation continued in May amid a slight rise in both mortgage rates and housing inventory.”  Said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics.

Click here to read the full report at the FHFA.

“The rise in housing inventory is beginning to lead to more contract signings…Multiple offers are less intense, and buyers are in a more favorable position.”  Said the NAR’s Chief Economist, Lawrence Yun.

Click here to read the full report at the National Association of Realtors.

Click here to read the full report at Redfin.com.

Click here to read the full report at the U.S. Census Bureau.

“Even as the median home price reached a new record high, further large accelerations are unlikely…Supply and demand dynamics are nearing a balanced market condition. The months supply of inventory reached its highest level in more than four years.”   Said NAR Chief Economist Lawrence Yun.

Click here to read the full report at the National Association of Realtors.

“In contrast to the first half of 2023, foreclosure activity across the United States experienced a decline in the first half of 2024…In addition, U.S. foreclosure starts also decreased by 3 percent in the first six months of 2024. These shifts could suggest a potential stabilization in the housing market; however, monitoring these evolving patterns remains crucial to understanding the full impact on the real estate sector.”  Said Rob Barber, CEO of ATTOM.

Click here to read the full report at ATTOM.

“All in, there are 5.8M fewer sub-5% mortgages in the market today than there were at this time in 2022. This has been a slow-moving change, as borrowers with lower rates have sold their homes or, to a smaller degree, refinanced to withdraw equity. The entire market is acutely aware of how elevated rates have been constraining origination volumes. But seen from another angle, the same dynamic is also serving to gradually enlarge the population of folks with high-rate mortgages, who are actively waiting for the moment a refinance makes sense. This would benefit both a growing number of homeowners and lenders.”  Said Andy Walden, ICE’s Vice President of Research and Analysis.

Click here to read the full report at ICE Mortgage Technology (formerly Black Knight).