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Home prices nationwide continue to rise, but the pace of price increases is showing signs of slowing.
However, average rent prices aren't growing as much as expected, according to a new report.
Did you know that pent-up demand among young adults could boost home sales by 200,000? Read the statistics about this group of potential homeowners.
The second quarter saw the smallest number of foreclosure starts in any quarter since early 2008, according to the Office of the Comptroller of the Currency.
Sales of new single-family homes bounced back in August after a big drop in July, but pending home sales are a bit more rocky.
"These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated," says Freddie Mac's chief economist.
The shadow inventory was once deemed a big threat to derailing the housing recovery. But the latest numbers show that threat is quickly vanishing.
NAR Chief Economist Lawrence Yun discusses the decline in pending home sales and rising interest rates, and looks ahead to 2014.
Pending home sales slowed in August, with tight inventory conditions, higher interest rates, rising home prices and continuing restrictive mortgage credit impacting the market.