Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered around 3% for three weeks, and mortgage purchase applications were up 21% from a year …