With the month of July coming to a close, and the summer heating up, the real estate industry couldn’t be hotter!
Whether you’re lounging on the beach, relaxing in the backyard, or catching a moment in between appointments, it’s time to catch up on industry news and updates in this week’s real estate resource roundup:
Pending Home Sales Eked Out Gain in June
Despite the lack of a significant bump because potential buyers were met with little supply of available listings, pending home sales managed to increase in June. Details here.
Q2 Foreclosure Starts Reach 16-Year Low
The month of June boasted the lowest level of Q2 foreclosure starts seen in 16 years, while mortgage prepayment speeds sprung to a 12-month high as a result of historically low interest rates.
New Poll Shows Housing Remains a Priority for Most Americans
According to a recent poll commissioned by the National Association of Home Builders (NAHB), an overwhelming four out of five Americans believe that owning a home is a good investment.
End of an Era as China’s Love Affair With U.S. Real Estate Fades
Total U.S. sales to Chinese buyers in the 12 months through March fell for the first time since 2011, according to an annual research report released by the National Association of REALTORS®.
Brexit One Month Later: The Impact on Mortgage Rates
Check in on how the United Kingdom’s decision to withdraw from the European Union impacted the U.S. residential mortgage market in the past 30 days.
Consumer Spending to Drive Growth for 2016
Consumer spending is expected to drive growth for the rest of 2016 as businesses face uncertainty stemming from Brexit and the U.S. presidential election.
The 20 Hottest Housing Markets for July 2016
Find the most active real estate markets around the country for July 2016!
In case you missed it here on Clean Slate, it’s time to increase your digital presence with the 5 key components every real estate website needs! As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.