Low inventory of homes for sale lead to higher home prices, signs of a housing rebound and much more. Here are the real estate headlines you may have missed this week:
State housing market improving, housing prices at 2010 high (via The Daily Breeze)
California’s housing market continued to show signs of improvement in June, as home sales experienced solid gains annually and home prices reached their highest level since August 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said this week. Read Full Story
Consumer agency unveils simplified mortgage disclosure forms (via The Los Angeles Times)
The Consumer Financial Protection Bureau released its final proposal for simpler mortgage disclosures – a three-page summary of home-loan costs and risks. Read Full Story
More signs of a housing rebound (via CNNMoney)
Housing starts rose 6.9 percent in June compared with May to an annual rate of 760,000, the highest level since October 2008, the Census Bureau reported Wednesday. Read Full Story
Foreclosure crisis hits older Americans hard (via CNBC)
More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to weather the storm, a new AARP report says. Read Full Story
With low supply, asking prices rise for fifth straight month (via The Wall Street Journal)
The number of homes listed for sale rose by 0.5 percent in June from May and was down 19.4 percent from a year ago, according to Realtor.com. Read Full Story
Here comes the catch in home equity loans (via The New York Times)
Recent data suggests the housing market is coming back, but even a strong recovery is unlikely to rescue many homeowners who are groaning under the weight of multiple mortgages. Read Full Story
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About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
