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The net number of down payment assistance programs increased during the second quarter, a positive bit of news coming along at a time when even more potential home buyers are facing affordability problems.But is the target market actually turning to DPA to help fund a home purchase?Among the three issues affecting DPA use is the competition with cash buyers, as sellers look to take the path of least resistance even when someone has a full mortgage approval, said Tai Christensen, director of government affairs for provider CBC Mortgage Agency. Furthermore, those needing DPA are more likely to have a lower…

While single-family permit issuance ran ahead of last year’s pace in the first quarter, it is now coming in below 2021’s rate, according to the National Association of Home Builders.NAHB’s latest findings come as other new data from Redfin also revealed the supply of for-sale properties increasing on an annual basis for the first time in three years, providing more signs of falling home-buying momentum this summer.”The country’s economic woes have already cooled the housing market, and they’re likely to continue dampening demand,” said Redfin Chief Economist Daryl Fairweather in a press release.NAHB reported 473,997 single-family housing permits issued this…