Monthly Archives: September 2015

BRED Mortgage: More Money in Your Pocket

Home buyers benefit from the ability to build equity in their home faster. Equity helps borrowers to refinance during an economic crisis, to save for a trade‐up purchase, to access a business loan, and to shape their retirements. The key is balancing equity with other home buyer priorities like affordability.

The BRED mortgage, a new mortgage product proposed by Director of Housing Finance and Regional Economics Ken Fears, gives home owners more options and puts more equity in their pockets. This report is an introduction to BRED.


Source: National Association of Realtors(R) Education

Pending Home Sales Retreat Again in August but Remain at Healthy Level

WASHINGTON (September 28, 2015) — Pending home sales retreated in August but remained at a healthy level of activity and have now risen year–over–year for 12 consecutive months, according to the National Association of Realtors®. A modest increase in the West was offset by declines in all other regions.

The Pending Home Sales Index,* a forward–looking indicator based on contract signings, decreased 1.4 percent to 109.4 in August from 110.9 in July but is still 6.1 percent above… Read More
Source: National Association of Realtors(R) Education

Existing-Home Sales Stall in August, Prices Moderate

WASHINGTON (September 21, 2015) — Following three straight months of gains, existing–home sales dipped in August despite slowing price growth and a positive turnaround in the share of sales to first–time buyers, according to the National Association of Realtors®. None of the four major regions experienced sales increases in August.

Total existing–home sales1, which are completed transactions that include single–family… Read More
Source: National Association of Realtors(R) Education

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