Posts Tagged home sales

New Home Sales Rise Despite Higher Costs

home builder on frame of house

More new homes are selling throughout the United States, even as affordability concerns persist. Sales of newly built, single-family homes rose 3.5 percent in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised reports from June and July, according to recent data from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. According to a press release from the National Association of Home Builders (NAHB), these downwardly revised reports suggest softness in new home sales activity this summer. Nevertheless, on a year-to-date basis, new home sales are 6.9 percent above where

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Last Week In Mortgage News: March 20 – 27, 2017

real estate value chart

Starting this month, the Mid America Mortgage blog will periodically share a recap of the major events and noteworthy data released the week prior. Be sure to check back regularly to stay updated on the industry’s ever-changing landscape. For borrowers, staying informed of the latest mortgage market news can help you make more educated decisions when it comes to choosing home financing. Be sure to check back often for updates and don’t hesitate to contact your mortgage professional with questions. What’s in Today’s Recap? Mortgage Applications Fall in MBA’s Weekly Survey 2016 Cash and Distressed Home Sales Hit Nine-Year Lows Number

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Distressed Home Sales Drop to 9-Year Low

House with for sale sign out front

As the U.S. housing market continues to build strength, the amount of distressed home sales continues to plummet. According to data from a recent CoreLogic report, all-cash sales represented 31.1 percent of total home sales recorded in August. This represents a decline of 1.5 percentage points from August 2015.

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