U.S. house prices rose 7.7 percent in the year through June, extending a recovery that’s spurring more homeowners to list their properties for sale.
After a roller-coaster decade of boom-bust-boom, the U.S. housing market is going downhill just when many economists thought annual sales would be heading up.
Rates for 30-year U.S. mortgages held at the lowest level on record as fewer Americans sought loans for home purchases.
Suzanne Baker and her siblings bought a foreclosed home in Atlanta two years ago, added a fourth bathroom, then waited for values to rebound before considering a sale. Now, she says, they’re ready to cash in.
"We're entering this next phase of recovery where we shift down a gear to a more sustainable pace."
- Paul Diggle on Aug 12, 2014