housing market: Case Shiller Price Index Shows Home Prices Are Still Increasing
- 08/28/13 01:18 AM
Case Shiller Price Index Shows Home Prices Are Still Increasing Home prices are still rising, but at a slower pace according to the S&P Case-Shiller Home Price Indices for June. Home prices for the cities surveyed in the HPI rose by 12.10 percent on an annual basis as compared to May’s reading of 12.20 percent. This is the highest rate of monthly growth for home prices since the peak of the housing bubble in 2006. June’s home prices remained approximately 23 percent lower than peak prices, but economists consider the bubble peak an anomaly and caution against comparing current … (2 comments)
housing market: Existing Home Sales - Highest New Home Inventory Since January 2012
- 08/27/13 01:27 AM
Existing Home Sales - Highest New Home Inventory Since January 2012 The National Association of REALTORS reported that existing home sales for July came in at 5.39 million on a seasonally adjusted annual basis. July’s reading exceeded both expectations of 5.21 million existing homes sold and June’s reading of 5.06 million homes sold. This suggests good news for home buyers who’ve been constrained by limited supplies of homes for sale. As home prices continue increasing in many areas, more homeowners are likely to list their homes for sale. Existing home sales for July rose by 6.80 percent year-over-year. The Federal … (1 comments)
housing market: How To Choose The Right Neighborhood When Buying A Home
- 08/12/13 11:37 PM
How To Choose The Right Neighborhood When Buying A Home The old real estate cliche’ about “location, location, location” is true, as the area of the city where your home is located will have an impact on its future value as well as your lifestyle. So what factors should you consider when you are choosing which neighborhoods to house hunt within? Proximity to Your Daily Needs If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day. While this might be worth the cheaper prices for properties out of … (1 comments)
According to the National Association of REALTORS®, national sales of existing homes in June came in at 5.08 million. June's reading was reported to be the second highest since November of 2009; this should calm concerns about a lapsing recovery in housing markets. Summer typically produces the highest prices for existing homes sold, as families seeking larger homes frequently move during summer months. The June inventory of existing homes improved by 1.90 percent to 2.19 million homes or a 5.20 month supply. June's number of available homes was 7.60 percent lower than … (0 comments)
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report. 165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April. 673,000 jobs have been added since January. Jobs were added in employment sectors including business and professional, health care and eating and drinking establishments. The main impact of the jobs report on home sales and mortgage lending is the ability … (0 comments)
Mortgage rates saw little change last week amidst mixed economic news. Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday. The minutes indicated that some FOMC members supported ending the current quantitative easing (QE) program within a few months. The Fed is currently purchasing $85 billion monthly in bonds and Mortgage Backed Securities. If the QE program is ended, demands for bonds and MBS will decline, which usually raises mortgage rates. Employment … (0 comments)
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller Index methodology and data is for closed purchase transactions only. All 20 Case Shiller Index Markets Show Growth Between December 2012 and January 2013, home values rose in all 20 … (0 comments)
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday.
The HMI measures builder confidence in the market for newly constructed single family homes.
A reading of 50 for the NAHB Housing Market Index (HMI) indicates that more builders are confident of housing market conditions for new single family homes than those who are not confident.
Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March.
Several Factors … (0 comments)
housing market: Strong Builder Confidence May Signal Good Time To Buy New Homes
- 03/05/13 01:09 AM
Strong Builder Confidence May Signal Good Time To Buy New Homes Many times real estate market experts point to the feelings of the nation's home builders as a bell-weather signalling the health of the housing sector. This month's reading indicates that home builders are feeling pretty good. The National Association of Home Builders / Wells Fargo Housing Market Index (HMI) for February changed by one point to 46 as compared to 47 for January's reading. Over the last four months, HMI readings have stayed within a three-point range between 45 and 47, indicating a plateau after rising from 25 to … (0 comments)
Case Shiller Price Index Shows Home Prices Are Still Increasing 
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