Reports from various Realtor associations indicate the peak of the sales season has passed in most Southern-located markets, with the exception of Houston. The 7,454 single-family homes that sold in Houston during August represented the eighth-strongest month the market has ever recorded. Additionally, the sales figure is the highest ever recorded in any August, according to the Houston Association of Realtors.
Putting to rest months of anticipation that it would raise interest rates this fall, the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) today voted to leave the key federal funds rate unchanged — but many housing industry and economic analysts, as well as potential homebuyers, seem to be shrugging their shoulders at all of the hoopla.
For the first time in seven quarters, mortgage lenders are reporting an easing of lending standards across all loan types, according to Fannie Mae’s third-quarter 2015 Mortgage Lender Sentiment Survey.