In Fannie Mae’s August Home Purchase Sentiment
Index, almost half
those polled say now is a good time to sell a home, and well over half feel
it’s a good time to buy. Good news for homeowners who need
to do both.
The
Mortgage Bankers Association reports purchase
applications up 3% for the week and up 40% from a year ago, the 16th straight
week of annual gains, while Q2’s $1.1 trillion in
mortgage volume set a new record.
Rents are up two months straight, but a new study says almost 2 million renters could afford monthly payments on the typical U.S. starter home. They’d have to leave their current metro to find affordability--but most wouldn’t have to go that far.
