Category: Market News

Case-Shiller: Home Price Growth Continues

Case-Shiller: Home Price Growth Continues

February 1, 2017 |

November home prices grew by 5.60 percent year-over-year on a seasonally adjusted basis according to Case-Shiller’s reading on National Home Prices. National average home prices rose 0.80 percent from October to November. Case-Shiller’s 20-City home price index revealed that the West and Mountain regions continue to hold the top three growth rates for home prices.

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Home Builder Index Dips in January

Home Builder Index Dips in January

January 19, 2017 |

January’s National Association of Home Builders Housing Market Index dipped two points from December’s revised reading of 69 to 67; the index reading forecast for January was also 69.Analysts said that January’s reading was the second highest (after December 2016) since the peak of the housing bubble in 2005. January’s dip in builder sentiment was attributed to easing of builder enthusiasm, which spiked right after the U.S. presidential election. To put January’s home builder confidence reading in context, NAHB says that any index reading over 50 indicates that more builders than fewer have confidence in housing market conditions.

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Understanding Real Estate Contracts and What You Can Expect to Find

Understanding Real Estate Contracts and What You Can Expect to Find

January 10, 2017 |

There are a lot of things that go into the successful sale of your home, but many people are unfamiliar with the intricacies of the contract. Whether you consult with your real estate agent or plan on diving in on your own, it’s important to be clear on the terms. If you’re wondering what you can expect when it comes to the contract, here are some pointers on what to watch out for.

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Case-Shiller: Home Price Growth Continues

Case-Shiller: Home Price Growth Continues

December 28, 2016 |

Home increased in October according to Case-Shiller’s 20City Home Price Index. Home prices rose from September’s annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September’s reading.

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What’s Ahead For Mortgage Rates This Week – December 26, 2016

What’s Ahead For Mortgage Rates This Week – December 26, 2016

December 26, 2016 |

Last week’s economic news included readings on consumer spending, core inflation new home sales and regularly scheduled readings on mortgage rates and new jobless claims.

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What’s Ahead For Mortgage Rates This Week – December 19, 2016

What’s Ahead For Mortgage Rates This Week – December 19, 2016

December 19, 2016 |

Housing news was boosted by the National Association of Home Builders Housing Market Index, which posted its highest readings since July of 2002. In other news, the Federal Reserve’s Federal Open Market Committee voted to raise the federal funds rate and Fed Chair Janet Yellen gave a press conference. Mortgage rates rose and weekly jobless claims fell.

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What’s Ahead For Mortgage Rates This Week – December 5, 2016

What’s Ahead For Mortgage Rates This Week – December 5, 2016

December 5, 2016 |

Last week’s economic news was plentiful with releases on Case-Shiller Home Price Indices and pending home sales. Readings on government and private sector jobs created, the national unemployment rate and weekly readings on new jobless claims and Freddie Mac’s mortgage rates survey were also released.

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What’s Ahead For Mortgage Rates This Week – November 29, 2016

What’s Ahead For Mortgage Rates This Week – November 29, 2016

November 29, 2016 |

Last week’s economic reports included new and pre-owned home sales, new jobless claims and Freddie Mac’s weekly mortgage rates survey.

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S&P Case-Shiller: Home Prices Gain in August

S&P Case-Shiller: Home Prices Gain in August

October 27, 2016 |

Home prices gained in August per the 20-City S&P Case-Shiller Home Price Index. Analysts said that home values continue to expand in spite of challenges including low inventories of available homes and strict mortgage qualification requirements.

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What’s Ahead For Mortgage Rates This Week – October 24, 2016

What’s Ahead For Mortgage Rates This Week – October 24, 2016

October 24, 2016 |

Last week’s economic releases included the National Association of Home Builders’ Housing Market Index along with reports on housing starts, building permits and sales of previously owned homes. Weekly reports on new jobless claims and mortgage rates were also released.

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