Pending Home Sales Plunge 5.4% in June as Prices Surge to Record High
Pending home sales retreated in June on both a monthly and annual basis, driven down by mortgage rates climbing to a 10-month high and home prices setting a new record. Contract signings plunged 5.4% compared to May and ticked down 0.3% from a year ago, according to the National Association of Realt
14 Years Running: Why Real Estate Is Still America’s Favorite Investment
Quick gut reaction. Which investment do Americans trust more than stocks, gold, savings accounts, and bonds? The answer hasn't changed in 14 years. It's real estate. And this year, that answer comes with even more conviction behind it. New data shows people aren't just saying homeownership is a smar
Short Sales Are Rising as Underwater Homeowners Try To Dodge Foreclosure
Although short sales remain relatively rare, they have been gradually creeping up as underwater homeowners seek ways to avoid foreclosure, with a handful of midpriced markets seeing the highest concentration of these deals. A short sale is a real estate transaction in which a financially distressed
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