"The continued strength in sales volume across a wide spectrum of markets in August indicates that shockwaves from recent global stock market instability have not weakened the housing recovery, and in fact, there is evidence that the instability has fueled more demand for U.S. real estate," said Daren Blomquist, vice president of RealtyTrac. "The share of cash sales nationwide in August bounced back from a seven-year low in July, and the month-over-month increase in cash sales share was more pronounced in markets that have traditionally been magnets for foreign cash buyers, including Boston, Las Vegas, San Francisco, Seattle and New York." "Our market continues to solidify; even with the steady growth in volume and price we appear to be on more solid footing. Distress sales continue to decline, a global wind from foreign investment, and uptick in cash and FHA numbers all point to a healthy market," said Mark Hughes, chief operating officer with First Team Real Estate , covering the Southern California market. "We expect an end of year settling but the further we get from 2008 the stronger the sentiment is for normal market movements." "Sales have been very brisk in the Reno-Sparks market," said Craig King, COO at Chase International brokerage, covering the Lake Tahoe and Reno, Nevada markets. "Seasonally, the market may follow a traditional fourth quarter slowdown, but overall we expect sales to remain very strong with this influx of new people from outside the marketplace and more new first time buyers coming into the area to fill initial jobs with businesses like Tesla and Switch expanding into the local area." Miami, New York, Las Vegas post highest share of cash sales All-cash sales accounted for 24.5 percent of all single family home and condo sales in August, up from a seven-year low of 23.6 percent in July but still down from 26.7 percent of all sales in August 2014 and down from a peak of 39.6 percent of all sales in February 2013. Among metropolitan statistical areas with a population of at least 1 million, those with the highest share of cash sales were Miami (48.7 percent), New York (44.7 percent), Las Vegas (42.2 percent), Raleigh, North Carolina (39.6 percent), and Tampa (37.6 percent).

http://finance.yahoo.com/news/54-percent-u-metros-pace-040100506.html

Fitch Affirms JPMBB 2014-C23 - Yahoo Finance

Fitch has affirmed the following ratings: --$44.1 million class A-1 at 'AAAsf'; Outlook Stable; --$241 million class A-2 at 'AAAsf'; Outlook Stable; --$36.6 million class A-3 at 'AAAsf'; Outlook Stable; --$235 million class A-4 at 'AAAsf'; Outlook Stable; --$307.5 million class A-5 at 'AAAsf'; Outlook Stable; --$79.3 million class A-SB at 'AAAsf'; Outlook Stable; --$86.4 million class A-S* at 'AAAsf'; Outlook Stable; --Interest-only class X-A at 'AAAsf'; Outlook Stable; --$62.7 million class B* at 'AAsf'; Outlook Stable; --$52.5 million class C* at 'Asf'; Outlook Stable; --$201.6 million class EC* at 'Asf'; Outlook Stable; --$96.6 million class D at 'BBB-sf'; Outlook Stable; --Interest-only class X-B at 'BBB-sf'; Outlook Stable; --$30.5 million class E at 'BBsf'; Outlook Stable; --Interest-only class X-C at 'BBsf'; Outlook Stable; --$15.3 million class F at 'Bsf'; Outlook Stable; --Interest-only class X-D at 'Bsf'; Outlook Stable. *Class A-S, B, and C certificates may be exchanged for a related amount of class EC certificates, and class EC certificates may be exchanged for class. A-S, B, and C certificates. Fitch does not rate the $62.7 million class NR certificates or the interest-only class X-E. Fitch does not rate the $12.2 million class UH5, which will only receive distributions from, and will only incur losses with respect to, the non-pooled component of the U-Haul Self-Storage Portfolio mortgage loan. Fitch does not rate the $10.5 million class WYA, which will only receive distributions from, and will only incur losses with respect to, the non-pooled component of the Wyvernwood Apartments mortgage loan. Fitch does not rate the $15 million class RIM, which will only receive distributions from, and will only incur losses with respect to, the non-pooled component of the Residence Inn Midtown East mortgage loan. Such class will share in losses and shortfalls on the related componentized mortgage loan. Additional information is available at www.fitchratings.com .

http://finance.yahoo.com/news/fitch-affirms-jpmbb-2014-c23-125900273.html