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Case-Shiller: Home Prices Grow at Fastest Rate Since June 2014

Home prices continued to rise in September according to Case-Shiller National and 20-City home price index reports. According to the National Home Price Index, national home prices rose 0.70 percent month for the three months ending in September. The National Index regained its pre-housing bubble peak and surpassed it by 5.90 percent as of September.

The 20-City Home Price Index rose 0.50 percent from August’s reading. Analysts forecast a growth rate of 0.40 percent month-to-month. The 20-City Home Price Index indicates a home price growth rate 0f 6.20 percent year-over-year. The 20-City Index remained 1.50 percent below its peak in 2006.

The 20-City Home Price Index showed 16 of 20 cities posted gains in home price growth. Seattle, Washington, which has consistently held the top spot for year-over-year home price growth, posted slower growth for September. Seattle held on to its lead for year-over-year home price growth with a reading of 12.90 percent. Las Vegas Nevada held second place in the 20-City Index with a year-over-year home price growth of 9.00 percent. San Diego, California held third place with a year-over-year reading of 8.20 percent appreciation in home prices.

Case–Shiller Home Prices: Not the Whole Story

Analysts caution that while Case-Shiller Home Price Index reports are intended as a tool for real estate investors, they may not reflect all factors impacting U.S. housing markets. An analysis published in May by Trulia indicated that only 38 percent of U.S, homes have recovered their post-recession values. Some analysts say that methodology used for calculating the Case-Shiller home price index readings does not reflect individual or local factors impacting home prices.

In an unrelated report, the Federal Housing Finance Agency reported that home prices for properties with mortgages sold to or guaranteed by Fannie Mae and Freddie Mac were up 6.50 percent from the third quarter of 2016 to the third quarter of 2017.

FHFA reported that the District of Columbia and all 50 states posted higher home price gains for the period between Q3 2016 and Q3 2017. The top three year-over-year home price gains were held by Washington, D.C at 11.60 percent; the state of Washington held second place with a gain of 11.50 percent and Hawaii and Arizona tied for third place with year-over-year home price gains of 10.00 percent.

FHFA reported home price growth in all 100 areas it tracks and said that the Seattle, Washington region held the highest year-over-year growth rate of 14.60 percent.

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

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. . . . → Read More: S&P Case-Shiller: Home Prices Gain in August

S&P Case-Shiller: Home Price Growth Slows in July

Home prices dipped slightly in July according to the S&P Case-Shiller 20-City Home Price Index. Year-over-year, home price growth dipped to 5.00 percent from June’s reading of 5.10 percent. The Pacific Northwest led the nation in home price appreciation. Portland, Oregon had the highest year-over-year home price growth with a rate of 12.40 percent. Seattle, Washington posted year-over-year home price growth of 11.20 percent. Denver, Colorado was third with a year-over-year home price growth rate of 9.40 percent. . . . → Read More: S&P Case-Shiller: Home Price Growth Slows in July

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

Last week’s economic events included S&P Case-Shiller’s Housing Market Indices for April along with reports on Construction Spending and Pending Home Sales. Consumer Confidence was higher in June in spite of low wage growth and inflation well below the Fed’s goal of 2.00 percent annually. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 5, 2016

What’s Ahead For Mortgage Rates This Week – May 2, 2016

Last week’s economic news included Case-Shiller Home Price Indices, along with new and pending home sales readings. The Federal Open Market Committee of the Federal Reserve met analyst’s expectations and did not raise the target federal funds rate, which remains at 0.25 to 0.50 percent. Freddie Mac’s mortgage rates survey and the Labor Department’s weekly jobless claims report were also released. . . . → Read More: What’s Ahead For Mortgage Rates This Week – May 2, 2016

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. . . . → Read More: Case-Shiller Report Shows Home Prices Rose in January

December Home Prices Rise According To S&P Case-Shiller Home Price Index

Home prices rose slightly in December according to S&P Case-Shiller Home Price Indices released Tuesday. According to the S&P Case-Shiller 20-City Home Price Index, which covers cities representing all nine US Census divisions, home prices rose 5.40 percent year-over-year in December as compared to November’s reading of 5.20 percent. . . . → Read More: December Home Prices Rise According To S&P Case-Shiller Home Price Index

Case-Shiller Home Prices: San Francisco, Denver see Double-Digit Increases

San Francisco, California where home prices rose 10.30 percent year over year in March, and Denver, Colorado with an even 10 percent gain in year-over-year home prices led the Case-Shiller 20-City Composite Index for March. Rounding out the top-five cities for year-over-year home price growth were… . . . → Read More: Case-Shiller Home Prices: San Francisco, Denver see Double-Digit Increases

Case-Shiller: Home Price Growth Slower in November

Case-Shiller Home Price Index reports for November indicate that home price growth continues to slow. The 20-City Home Price Index dropped by 0.20 percent to November’s reading of 4.30 percent year-over-year. . . . → Read More: Case-Shiller: Home Price Growth Slower in November

Case-Shiller Home Prices: Price Growth Slows in September

According to the Case-Shiller National Home Price Index, annual home price growth slipped to a seasonally-adjusted rate of 4.80 percent in September. This was 0.30 percent lower than August’s year-over-year reading of 5.10 percent. . . . → Read More: Case-Shiller Home Prices: Price Growth Slows in September