The annual rate of price appreciation fell two percentage points from 19.3% to 17.3%.
Year-over-year, transactions shrank 20.0%.
Mortgage applications for new-home purchases in June decreased 12% compared with a year ago
The prices of goods used in residential construction climbed 1.5% in June (not seasonally adjusted) even as softwood lumber prices…
The 30-year fixed-rate mortgage (FRM) averaged 5.70 percent.
In the Northeast, pending sales increased 15.4% compared with April but decreased 11.9% compared with May 2021.
The 20-city composite posted a 21.2% annual gain.
Sales were down 3.4% from April and 8.6% from one year ago.
Single-family starts decreased 9.2%
Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers