Lots of housing news today, here's what caught my eye:

  • More than half of all home sales during 2012 and so far this year were bought with cash, according to a new report from Goldman Sachs Group. Prior to the crash, only 20 percent of all deals were made with cash.
  • U.S. foreclosure filings during July rose 2 percent after a 6-percent increase in foreclosure starts, according to a new report from RealtyTrac. That was the first increase after rates fell to a 78-month low.
  • With new home selling and demand on the rise, builder confidence in the U.S. rose to the highest level since August 2005.
  • The average 30-year, fixed-rate mortgage this week was unchanged from last week, according to several weekly rate surveys. Freddie Mac, for example, said that the average 30-year fixed-rate mortgage was 4.4 percent, unchanged from the previous week.
  • What's coming in the Sunday paper: I'll have an interview with Ron Elwood, the Legal Aid attorney who shepherded a new foreclosure relief bill through the legislature. He'll explain what it means to consumers.

Jim Buchta


Older Post

Edina Realty parent, HomeServices of America, makes major acquisition

Newer Post

Just Listed blog: Bidding wars break out on more than 60 percent of all home sales