In recent news, the average loan size for new homes experienced a slight decrease, dropping from $400,150 in May to $399,879 in June. This shift in loan size reflects potential fluctuations in the housing market and may impact purchasing decisions for buyers looking to invest in new properties.
Key points:
– Average loan size for new homes decreased from $400,150 to $399,879 between May and June
– Potential implications for the housing market and buyer decisions
– For more information, read the full article on Weekly Real Estate News discussing the MBA’s report on the slower pace of applications for new home purchases.
You can read this full article at: https://wrenews.com/mba-slower-pace-on-applications-for-new-home-purchase-applications/
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