1.Mortgage rates hit 2014 low
“The average rate for a 30-year loan now stands at 4.1%, according to Freddie Mac. That matched its lowest level since June 2013, when it stood at 3.93%. The average 15-year fixed was 3.23%. ”
2.In some housing markets, all-cash deals still rule
“Buying a home? You still have to compete against the big money bringing all-cash. But it’s getting a little easier.”
3.Existing-Home Sales Continue to Climb in July
“WASHINGTON (August 21, 2014) – Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of Realtors®.”
4.U.S. home sales jump; key mortgage rate hits low for the year
“Sales of previously owned homes rose more than expected in July, a sign of growing strength in the housing recovery.”
5.L.A.-O.C. housing market is least affordable in U.S., Zillow says
“Los Angeles and Orange counties are the least-affordable housing market in the country. And it’s likely to only get worse.”
6.Sales of Previously Owned U.S. Homes Climb to 10-Month High
“Purchases of previously owned U.S. homes unexpectedly rose in July to a 10-month high as low borrowing costs and an increase in inventory drew buyers.”
7.Average US 30-Year Mortgage Rate at 4.10 Pct
“Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.”
8.US Existing Home Sales Rise for 4th Straight Month
“Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.”
9.U.S. housing, jobs data bolster economic outlook
“U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.”
10.U.S. existing home sales rise at fastest pace in 10 months
“Americans resold their homes in July at the fastest pace in almost a year, a sign the housing market was gaining steam again after a year-long slump.”
11.Home price appreciation in San Fernando Valley flattening out
“Home price appreciation slowed dramatically in the San Fernando Valley during July as the sales slump dragged on, a research center said Tuesday.”