Category: Market News

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

June 27, 2019 |

Case-Shiller’s 20-City Home Price Index for April showed further declines in home price growth with 2.50 percent year-over-year home price growth as compared to March home price growth of 2.60 percent. New York City home prices held steady month-to-month and Seattle, Washington’s home prices were unchanged year-over-year after posting 13 percent home price growth in 2018.

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Fed Holds Key Rate Steady As It Watches Economic Trends

Fed Holds Key Rate Steady As It Watches Economic Trends

June 25, 2019 |

Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President’s encouragement to lower the Fed rate.

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NAHB: Builder Confidence Slips in June

NAHB: Builder Confidence Slips in June

June 20, 2019 |

Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June’s index reading was 64, which indicates strong sentiment among home builders for current housing market conditions.

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FOMC Minutes Reveal Fed Policymakers U-Turn

FOMC Minutes Reveal Fed Policymakers U-Turn

April 11, 2019 |

Members of the Federal Reserve’s Federal Open Market Committee voted to hold the target range of the federal funds rate to its current range of 2.25 to 2.50 percent. The minutes of the most recent Committee meeting cited softening domestic and global economic conditions as reason for not raising the target federal funds range.

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NAHB: Housing Market Index Flat in March

NAHB: Housing Market Index Flat in March

March 20, 2019 |

Builder sentiment held steady in March as headwinds in housing markets affected homebuilder confidence, but National Association of Home Builders Chairman Greg Ugalde said that builders were looking forward to a “solid spring home-buying season.” Builder sentiment mirrored February’s index reading of 62; analysts expected an uptick to 63.

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FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course

FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course

February 22, 2019 |

After raising the target range for the federal funds rate in 2018, the Fed’s Federal Open Market Committee did not raise the Central Bank’s key interest rate at its meeting of January 29 and 30. While Committee members did not raise the Fed’s key rate, members were divided on the interest rate decision.

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NAHB Housing Market Index Unchanged in September

NAHB Housing Market Index Unchanged in September

September 20, 2018 |

Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB’s housing market reading for August. Analysts cited recent tariffs on building materials as a significant cause of easing builder confidence.

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New Home Construction Boom Expected

New Home Construction Boom Expected

August 28, 2018 |

The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical.

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Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

March 27, 2018 |

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment.

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Case-Shiller Home Price Index: National Home Prices Reach Pre-Recession Level

Case-Shiller Home Price Index: National Home Prices Reach Pre-Recession Level

August 30, 2017 |

According to the Case-Shiller National Home Price Index for June, Seattle, Washington continued to lead home price growth for the tenth consecutive month with a June reading of 13.40 percent growth year-over-year. Portland Oregon held second place for home price growth in the 20-City Home Price Index in June but trailed Seattle by 5.20 percent with 8.20 percent year-over-year home price growth. Dallas Texas held third place with a year-over-year home price growth rate of 7.70 percent. The 20-City Home Price Index increased by 5.70 percent year-over-year and was unchanged from May’s reading.

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