The demand from consumers who are looking to buy an existing home is spilling over into new home purchases, according to a new report from the Mortgage Bankers Association.

The MBA Builder Applications Survey tracks application volume from mortgage subsidiaries of homebuilders across the country.

The latest survey reported that for July, which sits toward the end of the spring and fall home-buying rush, mortgage applications for new home purchases increased 5.1% compared to …
Real Estate

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