Here are a few national real estate-related stories that came across my screen this week…
- from the National Association of Realtors: Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak
- from the National Association of Home Builders: Multifamily Surge Pushes Housing Starts Up 9.8 Percent in June
- from CNBC: Homebuilders take a ‘beating’ from lack of labor
- from RISMedia: Bidding Wars Still Dominate Low Inventory Markets
- from Real Estate Economy Watch: Down Payments Motivate Buyers More than Interest Rates
- from The Wall Street Journal: Condos Left Behind in Housing Rebound
- from HowMuch.net: This Animated Map Shows the Rising Cost of Land in the US in the Past 40 Years
- from HousingWire: MBA adjusts forecast for a drastically bigger purchase mortgage year — Revises both 2015 and 2016 higher
- from Bankrate.com: Survey reveals Americans’ top investment choice: Real estate
- from FreddieMac: Mortgage Rates Dip
- from The Wall Street Journal: Jumbo-Loan Market Remains Strong in First Half of 2015
Rod N Carrie Lambourne
This is about Dallas, but applies all over the U.S, including Reno if you ask me: http://www.msn.com/en-us/money/realestate/housing-bubble-2-has-bloomed-into-full-magnificence/ar-AAdJCe0
Twister
Inventory is dropping again at least from what I’ve seen in the South Reno area. Houses listed under 300K are becoming fewer and fewer in this same area. It will be interesting to see what the July numbers overall show when Guy presents them here.