Housing Data: Some Highs, Some Lows, All Good

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Posted To: MND NewsWire

RealtyTrac's July U.S. Home Sales report is a tale of extremes . July sales of properties in foreclosure and all-cash transactions both dipped to multi-year lows while home sales for the first six month of 2015 and July home prices hit seven and eight year highs. There were 1.34 million single family homes and condos sold in the first six months of the year. This was the highest number of sales in the first half of any year since 2007. The median price of a home sold in July was $189,500 a 2 percent increase both from June and from July 2014. It was the highest median price since September 2008. Meanwhile the sale of properties sold while in the process of foreclosure (but not yet REO) fell to 6.4 percent of all single-family and condo sales from 6.6 percent in June and 8.0 percent a year earlier...(read more)

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Source: http://www.mortgagenewsdaily.com/08272015_realtytrac_home_prices.asp

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