Morning Minute: New-home sales take off in July

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Bigstock

U.S. new-home sales climbed 12.4 perecent in July and marked the highest pace since October 2007, Bloomberg reports this morning. The gains exceeded the projections of many economists. Read the Bloomberg article, “U.S. New Home Sales Unexpectedly Surge to Almost Nine-Year High” and similar article from U.S. News & World Report, “U.S. New-Home Sales Climb to Best Level Since Late 2007.”

In other headlines:

Fannie, Freddie revise mortgage app form for first time in 20 years – HousingWire

Some Rent-to-Own Agreements Questioned – New York Times (via REALTOR® Magazine Daily Real Estate News

 

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