Existing-home sales rise in July after a rock-bottom June
Data from NAR shows that existing home sales rose 2.0% from June to July, while housing inventory was up 15.7% annually.
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Have lower mortgage rates already boosted the homebuilders?
The big publicly traded homebuilder stocks have been on fire recently and people are wondering why, given recent negative headlines.
Read MoreHome prices are still rising, but June numbers mark ‘a decisive shift’ in the housing market
Home prices are still rising year-over-year in the majority of large U.S. metros, but they are climbing at a slower pace than a month ago.
Read MoreHome prices rose nearly 3% annually in Q2, FHFA says
House prices rose in 46 states year over year and were down in four, with the District of Columbia posting the most significant price decline.
Read MoreUS land market cools as demand, deals dry up
Only 28% of land brokers describe demand as strong, down sharply from 76% a year ago and marking a steep reversal from the past two years.
Read MoreHow will mortgage rates respond to more turmoil at the Fed?
Mortgage rates have been moving lower lately, but no one was sure how the financial markets would digest an escalating battle at the Fed.
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