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Case Shiller Price Index Shows Highest Year-Over-Year Gains Since 2006

Posted on January 7, 2014 by admin

The Case-Shiller 10 and 20-City Home Price Indices for October were released on December 31. Although home prices in most cities continued to show year-over-year gains,, the pace of home price appreciation is expected to slow in 2014. Continue reading →

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What’s Ahead For Mortgage Rates This Week – January 6, 2014

Posted on January 6, 2014 by admin

The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program. Continue reading →

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What’s Ahead For Mortgage Rates This Week – December 30, 2013

Posted on December 30, 2013 by admin

The University of Michigan’s Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended. Continue reading →

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What’s Ahead For Mortgage Rates This Week – December 23, 2013

Posted on December 23, 2013 by admin

According to December’s NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November’s reading of 56. Continue reading →

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Housing Market Index Shows Builder Confidence Up 23 Percent Year-Over-Year

Posted on December 18, 2013 by admin

According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54. Continue reading →

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Case Shiller Price Index Shows A Spike In Home Prices In The West

Posted on December 3, 2013 by admin

According to the S&P Case-Shiller 10-and 20-City Housing Market Indices for September, home prices grew at an average of 13.30 percent year-over-year and achieved the highest growth rate for home prices since February 2006. Continue reading →

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What You Should Know About Pending Home Sales This Month

Posted on October 29, 2013 by admin

Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.

The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012. Continue reading →

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The Government Shutdown And Its Effect On Existing Home Sales

Posted on October 22, 2013 by admin

Existing home sales for September fell by 1.90 percent from August’s revised reading of 5.39 million sales to 5.29 million sales. Economists had expected 5.30 million sales for September, so a slow-down in existing home sales had been anticipated.

The National Association of REALTORS cited higher home prices and mortgage rates as factors contributing to fewer sales of previously owned homes. Continue reading →

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Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices

Posted on September 25, 2013 by admin

Home prices were still gaining in July, but for 15 of 20 cities included the S&P/Case-Shiller 10 and 20-city Home Price Indices, the pace of increasing home prices is slowing down. National home prices rose by 1.80 percent in July as compared to 2.20 percent in June. Home prices grew by 0.60 percent from June to July on a seasonally-adjusted basis. This was the lowest month-to-month gain since September 2012. Continue reading →

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Pending Home Sales Indicates That The Housing Recovery Is Progressing

Posted on August 29, 2013 by admin

The National Association of REALTORS reported Wednesday that pending sales of existing homes fell by 1.30 percent in July. According to the organization’s Pending Home Sales Index, this was the second straight month that pending home sales dropped. July’s Pending Home Sales Index reading was 109.50. Continue reading →

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