Homeownership Rates: Top and Bottom 5 States

Homeownership Rates: Top and Bottom 5 States.

from National Association of Realtors | by Ken Fears | August 27, 2013

Affordability has a strong impact on homeownership.  Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices.

To read more about homeownership rates in the U.S. follow the link to the full article here.

More Markets See More Homes Listed for Sale

More homes being listed for sale expand buyers' choices and may help to moderate price increases.

from USA TODAY | by Julie Schmit | August 13, 2013

More homes are coming on the market, which is a good sign for buyers. 

In July, the inventory of homes for sale nationwide was only down 5.2% from a year ago, Realtor.com says. 

That's an improvement from January, when for sale inventories were down 16% from the year before, according to Realtor.com. 

More markets are also seeing inventories grow. 

The for-sale inventory was up year-over-year in 25 markets in July, compared to just seven in April, Realtor.com says. 

Three of those were Riverside, Calif., where inventories were up 26% year over year; Atlanta, up almost 18%; and Sacramento, Calif., up almost 17%. 

All three cities have seen rapid price appreciation in the past year, in part because of super tight inventories.

To read the rest of the story at USA TODAY click here.

About 20 Homes Flooded in Waldo Canyon Burn Area

from Fox21NEWS | by Fox Continuos News Desk 

MANITOU SPRINGS, COLO. (AP) -- A storm that caused flash flooding in the area burned by Colorado's Waldo Canyon Fire last year damaged about 20 homes, roughly a half dozen of them significantly.

More than a half inch of rain fell in less than 20 minutes Monday, causing mud to flow into the houses in Manitou Springs and western Colorado Springs.

To read more about flooding in the Waldo Canyon burn area you can read the full article here.