Case-Shiller's 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but home prices continued to grow approximately two times faster than wage growth. Case-Shiller's 20 city home price index for September posted a home price growth rate of 5.20 percent as compared to August's year-over-year growth rate of 5.70 percent. While analysts expected slower rates of … [Read more...]
Case-Shiller: Home Prices Hit 11-Month Low in July
Home price growth slowed to its lowest pace in nearly a year according to the Case-Shiller Home Price Indices. National home price growth averaged 6.00 percent year-over-year as compared to 6.20 percent growth in June. The 20-city home price index rose 0.10 percent in July to a seasonally adjusted rate of 5.90 percent year-over-year. Slowing home price growth was attributed to buyer fatigue and rising inventories of available homes. Las Vegas Home Price Growth Tops 20-City Home Price Index Las … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 1st, 2018
Last week's economic readings included reports on home prices, new and pending home sales and remarks released by the Federal Open Market Committee of the Federal Reserve. Weekly readings on average mortgage rates and first-time jobless claims were also released. Case-Shiller HPI: Home Price Growth Slows in July Home prices grew slower in July according to data released last week. Home prices rose at a seasonally-adjusted annual rate of 6.0 percent in July as compared to June's rate of 6.2 … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 4th, 2018
Last week's economic reports included readings on Case-Shiller home prices, pending home sales and construction spending. Weekly readings on mortgage rates and new jobless claims were released, along with monthly labor-related reports on job creation and the national unemployment rate. Case-Shiller: Home Prices Maintain Rapid Growth S&P Case-Shiller home price indices for March showed home prices continued to grow at blazing rates. Seattle, Washington held on to first place with a … [Read more...]
