Continued housing shortage sends California pending home sales lower in July

LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the previous year for the 15th straight month, CALIFORNIA ASSOCIATION OF REALTORS? (C.A.R.) reported today.

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• Continued housing shortage sends California pending home sales lower in July
  LOS ANGELES, CA - August 23, 2012 - (RealEstateRama) -- A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the previous year for the 15th straight month, CALIFORNIA ASSOCIATION OF REALTORS? (C.A.R.) reported today.

• New-Home Sales Rise 3.6 Percent in July
  WASHINGTON, D.C. - August 23, 2012 - (RealEstateRama) -- Sales of newly built, single-family homes rose 3.6 percent to a seasonally adjusted annual rate of 372,000 units in July from an upwardly revised pace in the previous month, according to figures released by HUD and the U.S. Census Bureau today.

• MBA Releases 2012 Mid-year Commercial/Multifamily Servicer Rankings
  WASHINGTON, D.C. - August 23, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2012. At the top of the list of firms is Wells Fargo with $430.5 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $357.0 billion, Berkadia Commercial Mortgage LLC with $206.6 billion, Bank of America Merrill Lynch with $110.1 billion, and KeyBank Real Estate Capital with $100.1 billion.

• Existing-Home Sales Improve in July, Prices Continue to Rise
  WASHINGTON, DC - August 22, 2012 - (RealEstateRama) -- Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases, according to the National Association of Realtors?. Monthly sales rose in every region but the West, where inventory is very tight.

• Refinance Applications Decline as Rates Increase
  WASHINGTON, D.C. - August 22, 2012 - (RealEstateRama) -- Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association?s (MBA) Weekly Mortgage Applications Survey for the week ending August 17, 2012.

• RE/MAX CEO HONORED AS LEADING REAL ESTATE BUSINESS WOMAN
  DENVER - August 22, 2012 - (RealEstateRama) -- As hundreds of local business leaders gathered at the Denver Marriott City Center on Thursday, August 16, in celebration of the Denver Business Journal?s 2012 Outstanding Women in Business, RE/MAX CEO Margaret Kelly took the stage as the leading business woman in real estate.

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Source: http://states.realestaterama.com/2012/08/23/continued-housing-shortage-sends-california-pending-home-sales-lower-in-july-ID020990.html

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