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In The Newspapers

Housing market sails forward

By Mark Hamrick · Bankrate.com

The U.S. economy just can’t seem to get a strong, sustained wind in its sails. Choppy financial waters overseas are a key reason. But the nation’s housing sector has continued to cruise ahead despite the way the performance of the broader U.S. economy has been put at risk by the troubles abroad.

Due in the coming week are a couple of readings on the housing market that

Records shattered in existing home sales

By Crissinda Ponder · Bankrate.com

Sales of existing homes reached record highs in June, the National Association of Realtors, or NAR, said Wednesday.

According to the NAR’s existing-home sales report, completed transactions rose 3.2 percent month over month — from 5.32 million in May to a seasonally adjusted annual rate of 5.49 million last month. June had the highest pace of home sales since February 2007.

Read more.

Gay marriage and real estate: What’s changed

By Janna Herron – Bankrate.com

The decision by the U.S. Supreme Court to legalize gay marriage has sweeping effects on laws across the country, including those related to real estate ownership. Married same-sex couples now have more options available to them when they buy and own a home.

The high court ruled in Obergefell v. Hodges that same-sex couples in the U.S. have a right to marry, no matter where they live,

U.S. housing snapshot: Prices rising fast

For example, in Denver, values have soared a mile high, far above their peak during the recent housing bubble.

By contrast, homeowners in Las Vegas continue to feel as if they lost the bet, with prices that remain well below their bubble highs.

Overall, though, the American picture looks good. National home prices continue to climb significantly faster than the rate of inflation, according to Thomas Thibodeau, academic director of the University

7 crucial facts about FHA loans

By Marcie Geffner • Bankrate.com

Because of low down payment requirements and relaxed lending standards, FHA loans have taken on renewed importance for today’s mortgage borrowers.

Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on