(New York)

It has been years since there was much good news in US real estate. The market has been slightly pessimistic for years, but finally there might be some reason for optimism. New home sales actually rose in June, a sign that health is improving in the all-important US property sector. Sales increased 7% from May, but the average home price stayed flat from one year ago at $310,400.

FINSUM: With rates likely to fall and yields having already tumbled, it would not be surprising to see a short-term pop in real estate. It would actually be quite worrying if that doesn’t happen.