Mortgage applications to purchase a home increased 1% for the week, but were 30% lower than the same week one year ago.
Home prices declined 0.77% in June, the first monthly decline in nearly 3 years and the largest single-month decline since January 2011.
Consumer demand coupled with low residential inventory creating one of the hottest housing markets in decades last year.
Homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth?