1.Existing-Home Sales Up in June, Unsold Inventory Shows Continued Progress
“WASHINGTON (July 22, 2014) – Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®.”
2.Increased sales fueling hiring and pay raises, business economists say
“More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday.”
3.Previously Owned U.S. Home Sales Rise to Eight-Month High
“Sales (ETSLTOTL) of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market. ”
4.Dollar Advances to 8-Month High Versus Euro on Fed, ECB
“The dollar rose to the highest in eight months versus the euro as funding measures and monetary policies between the two economies diverge. ”
5.US Home Sales Increase 2.6 Percent in June
“Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.”
6.More People Flipping Houses for Profits
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7.Foreclosure rates decreased in May
“Foreclosure rates in the Portland-Vancouver-Hillsboro area decreased in May compared to the same period last year, according to Irvine, California-based CoreLogic, a real estate data firm.”
8.Real Estate bidding wars: How to come out on top
“With American buyer’s confidence high in the real estate market, many are hoping to take advantage of still-low mortgage rates, while sellers are hoping to take advantage of inventory sitting at its lowest point in four years. Conditions like these setup property bidding wars which are becoming more common during this year’s busy selling season. So, how can you come out the winner when it comes to landing your dream home?”
9.Un-advertised listings distort housing inventory
“The number of homes listed for sale nationally is finally beginning to rise, but ask anyone looking to buy a home and the majority will complain there is nothing out there. Neighborhood to neighborhood, market to market, supply still seems tight, despite a 6.5 percent increase in listings from a year ago, according to the National Association of Realtors. ”
10.Pace of U.S. home resales rises to eight-month high
“WASHINGTON, July 22 (Reuters) – U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump.”