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New Home Sales Fall 2.4% in July

In a release on Monday, the Commerce Department estimated new home sales last month were at a seasonally adjusted annual pace of 412,000, a decline of 2.4 percent month-over-month. June sales received a slight upward revision to a rate of 422,000, while May sales were also bumped up in a second revision to 454,000—still far below the 504,000 originally reported by the government.

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HARP Activity Down Again in Second Quarter

The total number of mortgage refinances in the United States experienced a slight increase in June, though activity for the quarter was down overall. The agency also reported a drop in refinances done through the government's Home Affordable Refinance Program, which accounted for an estimated 15.7 percent of refinances completed through Fannie Mae and Freddie Mac.

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The MReport Webcast: Friday 8/22/2014

A continued slowdown in home price increases and ongoing improvements in inventory helped boost existing-home sales in July to their highest pace year-to-date. The National Association of Realtors ...

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Rising Rents Hindering Homeownership

The latest conundrum in the U.S. housing market appears to be that while homes in 94 percent of the country's top metro areas are more affordable than they've ever been, rents are so high that renters in 88 percent of those metros can't afford to save up enough for a down payment to buy a home. According to Zillow's July Real Estate Market Report, a mere 12 metros out of the top 100 in the U.S. feature an affordable market for housing and rentals.

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Existing-Home Sales Hit 2014 High

The National Association of Realtors (NAR) reported on Thursday that sales of existing homes (including single-family houses, townhomes, condominiums, and co-ops) hit a seasonally adjusted annual pace of 5.15 million last month, up 2.4 percent from a downwardly revised June. Looking only at single-family homes, July sales improved 2.7 percent month-over-month to a seasonally adjusted pace of 4.45 million but still fell 4.2 percent short of last year.

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Peak Housing Season Closes with ‘Healthy’ July Numbers

Housing market trends kept their spring momentum in July—and are expected to remain solid in the months ahead, Realtor.com said Wednesday in its National Housing Trend Report for the month. For the first time since the start of the housing recovery in 2012, Realtor.com says the end of the annual peak buying season passed this year without any outside economic influences creeping in.

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