Tag: Market Outlook

Case Shiller, FHFA Report Uptick In Home Price Growth In September

Case Shiller, FHFA Report Uptick In Home Price Growth In September

December 4, 2019 |

Case-Shiller’s National Home Price Index showed 3.20 percent national home price growth in September, which was 0.10 percent higher than August’s reading of 3.10 percent. The 20-City Home Price Index showed the continued impact of exorbitant home prices on both coasts as home price growth slowed in high-cost areas and smaller markets experienced upward pressure on home prices as home buyers were seeking affordable homes.

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Case-Shiller: July Home Price Growth Hits Lowest Pace in 12 Years

Case-Shiller: July Home Price Growth Hits Lowest Pace in 12 Years

September 26, 2019 |

Case-Shiller’s National Home Price Index reported U.S. home prices grew by 3.20 percent year-over-year in July; as compared to year-over-year home price growth 0f 3.00 percent posted in June. Cities with the highest rates of year-over-year home price growth were Phoenix, Arizona with 5.80 percent year-over-year home price growth. Las Vegas, Nevada had 4.70 percent year-over-year home price appreciation and Charlotte, North Caroline bumped Tampa, Florida from the top three cities with home price appreciation of 4.60 percent. Tampa, Florida posted 4.50 percent year-over-year home price growth in July.

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NAHB: Home Builders Remain Confident

NAHB: Home Builders Remain Confident

September 18, 2019 |

The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September’s index reading of 68 was one point higher than August’s reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August’s original index reading was adjusted upward by one point.

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Should You Brace For A Potential Market Downturn Next Year?

Should You Brace For A Potential Market Downturn Next Year?

August 15, 2019 |

Don’t panic, a looming recession may be good news for those wanting to sell their homes. The experts say this recession may happen in 2020, so there is still plenty of time to make plans for how to deal with a potential economic downturn.

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New York Penthouse Sells For $238 Million – Is This A Real Estate Bubble About To Burst?

New York Penthouse Sells For $238 Million – Is This A Real Estate Bubble About To Burst?

August 7, 2019 |

The most expensive home sold in America, so far, was a New York penthouse that sold for $238 million in January 2019. It is on the top of a building that overlooks Central Park. The 26-story luxury condo building designed by Robert A. M Stern is nearly all sold out.

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Case-Shiller: Home Prices Growth Slows in March

Case-Shiller: Home Prices Growth Slows in March

August 1, 2019 |

Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller’s National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April’s year-over-year reading of 3.50 percent.

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The Community Reinvestment Act Explained In Simple Terms

The Community Reinvestment Act Explained In Simple Terms

July 30, 2019 |

The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and neighborhoods.

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NAHB: Housing Market Index Rises 1 Point in July

NAHB: Housing Market Index Rises 1 Point in July

July 17, 2019 |

Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July’s Housing Market Index reading of 65 was one point higher than June’s reading.

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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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