Growing home equity is helping homeowners build financial buffers, and mortgage delinquencies have dropped, according to CoreLogic.
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Housing affordability is improving for the first time in four years, an economist said. Buy now because it’s unlikely to become markedly cheaper in the near future.
Month over month, contract signings rose in the Midwest, South and West but dropped in the Northeast.
Expectations of the Federal Reserve beginning the first in a series of rate reductions kept potential home buyers in a holding pattern in August.
Member resources include property insurance information, housing help, legal support and financial aid for those in need.
Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the cut.
