Housing Wire: Home price growth slows to 21-month low By Trey Garrison Home prices nationwide, including distressed sales, increased 7.4% in July 2014 compared to July 2013, according to the July report from CoreLogic – a significant slowdown that continues the long-term trend and a 21-month low.
LA Times: Equity credit lines are making a comeback By Ken Harney New data provided by national credit bureau Experian and researchers at the Oliver Wyman consulting organization suggest that a rebound boom in equity-tapping is underway. Owners have pulled out $120 billion in new home equity credit lines in the last 12 months, a 27% increase in volume over the year earlier.
LA Times: Rent vs. buy? A look at the math and other factors By Tim Logan It may be the biggest financial decision most of us ever make: Buy a house? Or keep renting? With prices in Southern California rising by a third in two years, a lot of would-be home buyers are eyeing the market more carefully, deciding between the flexibility of renting and the potential long-term payoff of homeownership.