The Daily Blog
    09.30.14
    Quick Read:

    The number of signed contracts to buy existing homes fell 1%t in August and is down 2.2% from the year ago period, according to the National Association of Realtors. "Fewer distressed homes at bargain prices and the acknowledgement we're entering a rising interest rate environment likely caused hesitation among investors last month," said Lawrence Yun, NAR’s chief economist. "With investors pulling back, the market is shifting more towards traditional and first-time buyers who rely on mortgages to purchase a home."

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