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WASHINGTON (AP) – U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last.

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The median price of a single-family home in Houston hit a record high in May as the housing market logged its fourth straight month of sales gains, new data show. shoppers pounced on fresh inventory.

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Prospective home buyers are responding. The number of mortgage applications have jumped by over 20 percent, a positive sign for home sales after they flagged this December in the Houston region.

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A Conventional Construction-to-Permanent mortgage loan is used to finance the construction of the borrower’s home and permanent mortgage into one transaction.

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On HoustonChronicle.com: Mortgage rates falling at the steepest rate in seven years Now, the unexpected resurgence of refinancing activity has come at the peak of home-buying season. “We’re hiring to.

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That’s three times more than the average charges on a detached-home across six U.S. metropolitan areas including San.

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