Housing starts fell 4.8% as builders struggled to find workers, though the lion’s share of that drop occurred in the multifamily component that dropped 17.1%. Source: Florida Realtors
Top Fed official: Bond portfolio could shrink soon
The Fed will “likely announce next month” the sale of some bonds acquired during the recession – a move that would probably push mortgage rates a tad higher. Source: Florida Realtors
Merger could create huge single-family-home landlord
Two institutional investors – businesses that buy multiple single-family homes to rent out – could merge in a $4.3B deal that controls 82,000 U.S. homes. Source: Florida Realtors
Surprising drop in owners optimistic about selling
Are owners less inclined to sell? The percent who thought it’s a good time hit a record high in Fannie’s June survey – but it dropped a surprising 11% in July. Source: Florida Realtors
Mortgage rates move a bit lower
The average FRM hit 3.90% this week, down from last week’s 3.93%. The 15-year loan held steady at 3.18%, and the ARM changed little at 3.14%. Source: Florida Realtors
Housing crisis officially started 10 years ago this week
While trouble brewed earlier, the meltdown officially began when a French bank started blocking withdrawals from U.S. mortgage-debt hedge funds. Source: Florida Realtors
It's getting easier to qualify for a mortgage
For mortgage lenders, it’s about competition. They see rising home prices and more qualified buyers, so they’re easing standards to attract more business. Source: Florida Realtors
CRE report: Polarization top issue affecting real estate
What top risk factors threaten real estate? CRE’s annual list of the top 10 also includes technology, generational changes, retail disruption and health care. Source: Florida Realtors
Amazon's Alexa adds more real estate skills
A survey found that 72% of Americans in smart homes want voice control, so Coldwell Banker rolled out a service that offers company news and real estate trends. Source: Florida Realtors
Average mortgage rates steady: 30-year at 3.93%
Rates were virtually unchanged, though up a smidgen compared to last week’s 3.92%. For all of last year, the 30-year FRM averaged 3.65%. Source: Florida Realtors
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