1.Home prices rising, but slowly
“Home prices are still rising, but the pace of increases is definitely slowing.”
2.Pending Home Sales Pick Up in July
” Pending home sales rebounded in July and have now risen in four of the last five months, according to the National Association of Realtors®. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.”
3.Contracts to Buy US Homes Rise in Hopeful Sign
“More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.”
4.Average US 30-Year Mortgage Rate at 4.1 Percent
“The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week.”
5.Home prices just hit a 70-month high. Now for the bad news
“Home prices have soared over the past year, but the news isn’t all good on the home front.”