How’s the housing market?


Some recent reports on the housing market indicate possible good news for home buyers as well as sellers. Below are some of the headlines:

Housing prices increased at the highest average rate in six years in July across the U.S.

Mortgage delinquencies fell for the second straight month, demonstrating a major improvement for the U.S.

Mortgage borrowing rates resumed their drop after weeks of increasing as lenders attempt to attract more business

Foreclosures are selling at deep discounts, averaging 32% under the rest of the market, according to a just released study.

Despite troubles related to housing over the past several years, an overwhelming majority still favor homeownership.

Cash home sales have begun to slow as cash strapped buyers grow increasingly concerned about laying down greenbacks.