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Existing home sales made the unexpected increase of 2.6 percent in June.
Accelerated inflation is breaking the bank, but maybe not for much longer.
In a recent survey by Citi, 70 percent of home builders nationwide reported increased new-home sales in March, a 15 percent increase from February’s survey.
The latest data from Fiserv Case Shiller shows that national home prices are expected to grow at an annualized rate of 3.2 percent between 2011 and the second quarter of 2016.
The most recent interest rate hike will price out a large share of prospective homebuyers, but will it be enough to reduce housing costs in overheated markets?
September's foreclosure filings fell 6 percent from August, according to RealtyTrac, but are not expected to continue to drop.
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