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This housing market looks like 2017 but isn’t

The housing market is starting to look familiar again. New listings are back near pre-2020 norms. Price cuts are holding in a typical range. Homes are moving. On the surface, it looks like 2017. But the data tells a different story. In this week’s Housing Market Tracker, Logan Mohtashami pointed to what he called a…

Mortgage applications drop 1.6% as borrower intent shrinks

Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending April 24. On an unadjusted basis, the index decreased 1% compared with the previous week. The refinance index decreased 4% from the previous week and was 51% higher than the…