Mortgage applications rose 0.9% last week.
Privately owned housing starts have increased 2.3 percent since May.
Although they've actually been around for decades, rent-to-own contracts that substitute for mortgages and conventional home loans are enjoying a surge in popularity in several regions of the country. But without proper planning, these arrangements can cause troubles for both buyer and seller.
Weekly mortgage applications increased 1.1% for week ending, July 6, 2007.
Seller concessions, also referred to as seller contributions, are a great way to make a home more affordable and appealing to a buyer. The concept of seller concessions is actual pretty simple. The seller basically agrees to cover some, or all, of the costs associated with buying a home.
Elevated inventory in summer months continues to contribute to rise in home purchases.
Credit boosting, or using services to artificially inflate credit scores, will become more difficult later this year when rules to calculate FICO scores are updated to discourage credit boosting.
Fed leaves rates unchanged after today's meeting.
Sales of new homes are down 1.6% in May.
Existing home sales decrease .3% in May.