Palm Beach County home prices up 16 percent in August

There were 2,194 new listings last month, up 20 percent from a year earlier. Many homeowners decided against testing the market in recent years because they couldn’t get the prices they wanted. But now those owners are energized by the price increases and eager to capitalize on the rebound. “They say, ‘OK, good, now it’s my turn,'” said Cathy Prenner, an agent for Campbell and Rosemurgy in Lighthouse Point.
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Housing Starts Up in August

13 report. Without a cut, the central bank is set to buy 88 percent of mortgage bonds being issued in the types of securities its targeting, a share thats growing amid a slump in new loans to help homeowner refinance, according to Morgan Stanley analysts including Vipul Jain. Refinancing Slump Weekly applications to refinance mortgages have slumped 66 percent from a 2013 high, according to Mortgage Bankers Association data released yesterday.
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more? info…

Bernanke Faith in Housing Seen Shaken in Bonds: Credit Markets

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