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Just Listed blog: Here's how to look at Thursday's housing data

  • Blog Post by: Jim Buchta
  • August 15, 2013 - 10:01 AM

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

 

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