CoreLogic reports that home prices, including distressed sales, rose 6.9% from August 2014 to August 2015. This 1.2% increase from July to August is accounted for by the settlement deadline of school starting in September and I really want this house. First-time home buyers accounted for 32% of Existing Home Sales in August 2015, up from 28% in July 2015, and also up from 29% of the existing sates in August 2014.
Still getting the kinks out of out TRID system that started yesterday in our office, but it isn’t slowing us down. I still expect to get deals closed in 30 days.