Markets & Economy

Real estate market recap, July 27-31

The big news in real estate markets, recapped for your convenience

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save $100 with code Readers. U.S. Census and HUD single-family home sales data showed: There were 215,000 homes for sale entering July, with inventory rising to 5.4 months of supply -- the highest level this year. New single-family home sales in June hit a seasonally adjusted annual rate of 482,000. This figure represents a 6.8 percent decline compared with May’s rate of 517,000. Black Knight's Home Price Index showed: While overall U.S. home prices were up 1.1 percent from April to May, eight states in two regions saw month-to-month upticks of 1.5 to 1.8 percent. Among all U.S. states, New York led the way with an overall gain in home prices of 1.8 percent. California leads the 20 largest states with a 49.3 perce...