March home prices were again dominated by the Northwest with Portland, Oregon posting a year-over-year gain of 12.30 percent followed by Seattle, Washington’s year-over-year gain of 10.80 percent.
Case-Shiller Report Shows Home Prices Rose in January
Home prices were 5.70 percent higher year-over-year in January according to S&P Case-Shiller’s 20-City Home Price Index. Top year-over-year gains were posted by Portland, Oregon at 11.80 percent, San Francisco, California at 10.80 percent and Seattle Washington posted a year-over-year gain of 10.70 percent.
What’s Ahead For Mortgage Rates This Week – March 7, 2016
Last week’s scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government’s Non-Farm Payrolls and the national unemployment rate.
Pending Home Sales Rise To 22-Month High
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
More Housing Strength : Pending Home Sales Surged In October
After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
Pending Home Sales Index Slips For 4th Straight Month
Nationwide, fewer homes are going under contract to sell.
Pending Home Sales Rise For 3rd Straight Month
Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
Pending Home Sales Unexpectedly Spike In May
According to data from the National Association of REALTORS, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.
“Homes Under Contract” Plunge 12 Percent In April
Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.
Pending Home Sales Point To Seller’s Market This Summer
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.