An index measuring homebuilder sentiment dropped in August to the lowest reading in more than a year as buyers were discouraged by a spike in prices.
New-home sales fell 6.6% in June, the third consecutive decline, as the lack of properties remained a hurdle for house-shoppers who sought to take advantage of low mortgage rates.
Sales of existing homes rose 1.4% and prices surged in June as an uptick in listings helped buyers find properties.
Beyond the cleaning and sprucing up you’ll need to do to prepare for listing, there are financial chores you'll need to do before selling your home, such as checking your credit reports and applying for your next mortgage.
Housing starts rose in June but the number of permits dipped, reflecting the roadblocks homebuilders continue to face such as elevated lumber prices and supply chain issues.
An index measuring homebuilder sentiment fell to 80, a decline of three points from May, as supply shortages crimped inventory.
Cybersecurity criminals are targeting borrowers with VA loans, often claiming to be from the government, the Consumer Financial Protection Bureau said.
Every homebuyer is hoping to get approved for a mortgage at the current, historically low rates, but experts warn that only people who have high credit scores are likely to receive them.
