28
Jan
By
Housing Market, ,

Case-Shiller: Home Price Growth Slower in November

Case-Shiller Home Price Index reports for November indicate that home price growth continues to slow. The 20-City Home Price Index dropped by 0.20 percent to November's reading of 4.30 percent year-over-year.  The five cities with highest year-over-year home price growth rates in November were: San Francisco, California 8.90% Miami, Florida 8.60% Las Vegas, Nevada and Dallas, Texas 7.70% Denver, Colorado 7.50% The five cities with the lowest year-over-year growth in home prices were: Cleveland, Ohio 0.60% Washington, DC 1.90% New York, New York and Minneapolis, Minnesota 1.50% Chicago, Illinois 2.00% There were no instances of year-over-year depreciation in home prices…
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05
Jan
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – January 5, 2015

Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and were unchanged in two cities. In other news, pending home sales increased and weekly jobless claims rose. The details: Case-Shiller: Home Price Growth Lowest in Two Years According to its 20-City Home Price Index, Case-Shiller said that home prices dropped by 0.10 percent to a reading of 4.50 percent year-over-year as compared to September's reading of 4.80 percent year-over-year. Analysts expected home price growth to drop to…
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29
Dec
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – December 29, 2014

Last week's economic news included several housing related reports. Housing markets continue to cool as November reports on existing and new home sales fell below expectations. New Jobless claims were lower than expected by 10,000 claims. The details: Existing and New Home Sales Down, FHFA House Price Index Up The National Association of Realtors® reported that November sales of existing homes fell to 4.93 million sales against expectations of 5.18 million sales. October's reading was revised from 5.25 million sales to 5.26 million. This was seen as an anomaly that may have occurred during uncertainty caused by volatile stock markets.…
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