The National Association of Realtors (NAR) reported last week that existing sales rose at their fastest rate since last September, indicating the housing market is “bouncing back after a sluggish first half of the year.”
The nation’s most used credit-scoring system, FICO, announced last week that it is changing the criteria used in calculating consumers’ scores.
According to a recent Discover Home survey, 83% of home buyers or respondents have been pre-qualified for a mortgage.
The Pending Home Sales Index (PHSI) decreased slightly (meaning 1.1%) in June as compared to May of this year. It is also 7.3% below a year ago.