Wednesday, 18 May 2022 | The Latest Buzz for the Appraisal Industry

New Home Purchase Apps Dropped in September

Applications for mortgages for new home purchases decreased 16.2% in September compared with August and were down 4% compared with a year ago, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey

“New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages,” says Joel Kan, associate vice president of economic and



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