After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increase in volume of existing home sales.
National Association of Realtors, Existing Home Sales Slip in August
Sales of previously owned homes fell in August according to the National Association of REALTORS. This was the first decline in sales in five months. Although not welcome news to homeowners and real estate pros, there is good news…
What’s Ahead For Mortgage Rates This Week – Sept 2, 2014
Last week’s economic news included several reports related to housing. The Case-Shiller and FHFA reports for June showed a further slowing in home price growth. New home sales for July fell short of the expected reading, but pending home sales exceeded expectations.
Case-Shiller, FHFA Report Slowing Growth in Home Prices
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent.
Home Price Index Shows Values Rising 3.7% From One Year Ago
Home values have not dropped month-to-month since January of this year — a span of 6 months.
Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
Case-Shiller Index Shows Home Values Rising Nationwide
All 20 Case-Shiller Index markets improved between April and May 2012.
Home Values Rise 0.8% In May 2012
The housing market’s bottom is 9 months behind us. Home values continue to climb nationwide.
FHFA : Home Values Up 3% Since Last Year
The Federal Home Finance Agency’s Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis.