Some news concerning the world of real estate:
• NAR: Existing-home sales not reflective of market
Existing-home sales flourished in July, with the median price continuing to see double-digit year-over-year increases.
• Mortgage applications fall; rates go higher
For second straight week
• Bankers call lights out for home mortgage-refi-market
Mortgage rates remain at historic lows, but banks are shutting down refinancing operations and shifting their attention to purchasing.
• Foreclosures in Dallas area down dramatically
Dallas-Fort Worth area home foreclosure filings for next month are down by more than 40 percent, continuing the yearlong trend of fewer forced home sales.
• Boston’s top landlord at a guess about market’s direction
Harold Brown,88, has portfolio valued over $1 billion
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