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Case-Shiller Reports Home Prices Rise at Fastest Pace in 7 Years

February 24, 2021 by Kim Abbott

S & P Case-Shiller Home Price Indices reported the fastest pace of U.S home price growth in seven years. National home prices grew by 10.40 percent year-over-year in December as compared to November’s reading of  9.50 percent home price growth on a year-over-year basis. The S&P Case-Shiller 20-City Home Price Index reported home price growth in 18 of 20 cities included in the index. Detroit, Michigan did not report home price data for December. Phoenix, Arizona held the top position in the 20-City Index for the 19th consecutive month with year-over-year home price growth … [Read more...]

Filed Under: Financial Reports Tagged With: Case Shiller, FHFA, Home Prices

What’s Ahead For Mortgage Rates This Week – September 28, 2015

September 28, 2015 by Kim Abbott

Last week's scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, weekly reports on mortgage rates, and new jobless claims. The week finished with a report on consumer sentiment.Existing Home Sales Fall as New Homes Sales and Home Prices RiseThe National Association of Realtors reported that home sales for pre-owned homes fell in August. Analysts expected sales of existing homes to reach a reading of 5.52 million sales on an annual basis, but the actual reading was 5.31 million existing homes sold as compared to July's reading of 5.58 million … [Read more...]

Filed Under: Market Outlook Tagged With: Existing Home Sales, FHFA, Freddie Mac, House Price Index, Jobless Claims, New Home Sales

National Association of REALTORS – Sales of Pre-Owned Homes Dip

September 23, 2015 by Kim Abbott

Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July's rate was 5.58 million sales of previously owned homes. Sales of existing homes have risen 6.20 percent year-over-year; stronger labor markets and low mortgage rates were seen as contributing factors. Although economists expect the Federal Reserve to raise its target federal funds rate before year end, home sales are expected to stay strong through 2016. A Fed rate … [Read more...]

Filed Under: Market Outlook Tagged With: FHFA, Home Price Index, The National Association of REALTORS

What’s Ahead For Mortgage Rates This Week – August 31, 2015

August 31, 2015 by Kim Abbott

Last week's economic news included several reports related to housing. The Case-Shiller 20-City Home Price Index for June rose to 4.50 percent as compared to May's reading of 4.40 percent. Denver, Colorado was the only city to post double-digit year-over-year growth. FHFA also released its House Price Index for June. Home prices for properties associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose at a year-over-year rate of 5.60 percent in June as compared to May's reading of 5.70 percent. New Home Sales, Pending Home Sales Rise in July Commerce Department data revealed … [Read more...]

Filed Under: Market Outlook Tagged With: Case Shiller, Fannie Mae, FHFA, Freddie Mac

Case-Shiller: Home Prices Continue to Outpace Inflation

August 26, 2015 by Kim Abbott

Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent. Denver's home prices were impacted by the city's rapidly expanding economy and demand for homes coupled with a slim supply … [Read more...]

Filed Under: Market Outlook Tagged With: Case Shiller, Fannie Mae, Federal Housing Finance Agency, FHFA, Freddie Mac

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