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Utah Real Estate News for September 23, 2014.

Average U.S. 30-year mortgage rate at 4.23 percent

The Salt Lake Tribune - Utah Real Estate » Thu, 18 Sep 2014 10:04:01

Washington • Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last... Read More

Homebuilder Lennar’s profits beats estimates

The Salt Lake Tribune - Utah Real Estate » Wed, 17 Sep 2014 17:21:01

Los Angeles • Lennar Corp. reported fiscal third-quarter earnings Wednesday that beat analysts’ estimates as it sold more homes at higher prices. Net income in the three months through August was $177.8 million, or 78 cents a share, compared wi... Read More

Average U.S. 30-year mortgage rate at 4.12 percent

The Salt Lake Tribune - Utah Real Estate » Thu, 11 Sep 2014 08:55:02

Washington • Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week... Read More

U.S. subprime crisis stars in Venice film festival

The Salt Lake Tribune - Utah Real Estate » Fri, 29 Aug 2014 16:42:01

Venice, Italy • Florida’s realtors and tourism authorities probably will not be using “99 Homes” in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani’s Orlando-set drama, one of 20 films competing for priz... Read More

Contracts to buy U.S. homes rise in hopeful sign

The Salt Lake Tribune - Utah Real Estate » Thu, 28 Aug 2014 11:18:30

Washington • More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors s... Read More

U.S. home price gains slowed in June

The Salt Lake Tribune - Utah Real Estate » Tue, 26 Aug 2014 09:58:11

Washington • U.S. home prices increased at a slower pace in June — a cooldown that could continue for several more months. The Standard & Poor’s/Case-Shiller 20-city home price index rose 8.1 percent in June from 12 months earlier, according ... Read More

Sales of U.S. new homes fall in July

The Salt Lake Tribune - Utah Real Estate » Mon, 25 Aug 2014 09:20:01

Washington • Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said Monday that new-home sales fell 2.4 percent last ... Read More
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