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| Daren Blomquist |
IRVINE, Calif. – August
27, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for
comprehensive housing data, today released its July 2015 U.S. Home Sales
Report, which shows sales of properties in-foreclosure and cash sales were down
from a year ago to multi-year lows while year-to-date U.S. home sales in 2015
are at an eight-year high, and the U.S. median home price in July was at an
82-month high.
“While the stock market
may be on a roller coaster as of late, the housing market is still on solid
ground, with the eight-year low in cash sales combined with the eight-year high
in overall sales volume in the first half of the year evidence that housing is
successfully transitioning from an investor-driven recovery to one that is
drawing in traditional buyers as a good foundation for sustainable growth going
forward,” said Daren Blomquist, vice
president at RealtyTrac.
“That’s not to say there
are no cracks in the foundation of this recovery, the top three of which are
housing affordability — or lack thereof in some high-flying markets — along
with overdependence on capricious cash buyers — both foreign and domestic — in
some markets, and the persistent overhang of underwater homeowners who continue
to represent heightened default risk given any future economic shockwaves.”
For a complete
copy of the company’s news release, please contact:
Jennifer von Pohlmann
Sr. Data PR Manager
Office: 949.502.8300 ext 139
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