REAL ESTATE
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For the record: Real estate
Commercial, residential and land sales for Chelan and Douglas counties
For the record: Real estate
Commercial, residential and land sales for Chelan and Douglas counties
For the record: Real estate
Commercial, residential and land sales for Chelan and Douglas counties
Home sales rise as prices, interest rates fall
WENATCHEE — Area home sales increased through summer, benefiting from lower interest rates, lower prices and slightly looser credit. “There’s a general sense that the market has turned around, that things are better,” said Perrin Cornell, broker for Century 21 in Wenatchee. “Prices are down, optimism is up, and homes are selling.”
U.S. new-home sales rise to match 2-year high
WASHINGTON — Sales of new homes in the United States rose 3.6 percent in July to match a two-year high reached in May, the latest sign of a steady recovery in the housing market. The Commerce Department said today that new-home sales reached a seasonally adjusted annual rate of 372,000. That’s the same as in May, which was the highest since April 2010. In the past 12 months, sales have jumped 25 percent. Still, the increase is from a historically low level. New-home sales remain well below the annual pace of 700,000 that economists consider healthy.
Mortgage numbers showing slow improvement
LOS ANGELES — U.S. homeowners are doing better with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, a new report says. Still, the rate of improvement remains slow, credit reporting agency TransUnion said today. But the percentage of mortgages going unpaid is unlikely to return anytime soon to where it was before the housing market crashed.
For the record: Real estate
Commercial, residential and land sales for Chelan and Douglas counties
Most new home starts since Oct. 2008
WASHINGTON — U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence that the housing market is recovering. The Commerce Department said today that housing starts rose 6.9 percent in June from May to a seasonally adjusted annual rate of 760,000. That’s the highest since October 2008.
For the record: Real estate
Commercial, residential and land sales for Chelan and Douglas counties
With economy healthier, Suncadia auctions condos
CLE ELUM —After a three-year hiatus because of a downturn in the real estate market, Suncadia is again marketing condominiums in its Lodge at Suncadia. The owners are taking a new tack: An auction of 35 units at significantly discounted starting bids is scheduled for July 22 at the lodge, part of the sprawling 6,400-acre mountain resort near Cle Elum.
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