A cooling housing market could slow even further in coming months
June saw record-low home price appreciation and an increase of for-sale inventory, resulting in a cool down in the housing market.
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June saw record-low home price appreciation and an increase of for-sale inventory, resulting in a cool down in the housing market.
The national mortgage delinquency rate rose in June after hitting consecutive record lows in each of the previous three months.
The overall mortgage delinquency rate dropped five basis points to 2.75% in May, according to Black Knight. That's the lowest level ever recorded.
The housing market has cooled off a bit after an incredibly hot stretch fueled by the pandemic. That doesn’t mean it’s about to be 2007 all over again.
The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.