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NAHB Housing Market Index Slips Two Points in June

The National Association of Home Builders Housing Market Index for June fell by two points to 67 after a revision of May’s reading. Components of the Housing Market Index were lower for June with builder confidence in current market conditions two points lower at 73; June’s reading for builder confidence in market conditions for the next six months also fell two points to 76. Builder confidence in buyer traffic fell two points to 49. According to the Index, any reading over 50 indicates that more builders are confident than those who are not. . . . → Read More: NAHB Housing Market Index Slips Two Points in June

NAHB: Builder Sentiment Dips in April

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months. . . . → Read More: NAHB: Builder Sentiment Dips in April

Case-Shiller: Home Price Growth Mixed for September

September’s 20-City Housing Market Index from Case-Shiller showed signs that rapidly rising home prices in some metro areas may be losing momentum. San Francisco, California, posted a month-to-month reading of -0.40 percent and a year-over-year reading of 5.70 percent. Home prices stayed flat in Seattle Washington from August to September, but posted the highest home price gain of 11.00 percent year-over-year. Slowing home price growth in high-demand areas suggest that affordability concerns are impacting rapid gains in home prices seen in recent years. . . . → Read More: Case-Shiller: Home Price Growth Mixed for September

NAHB Housing Market Index Dips 2 Points

According to the National Association of Home Builders, overall builder confidence in housing markets dropped two points in October to an index reading of 63. September’s reading of 65 was the highest posted since the housing bubble peak. . . . → Read More: NAHB Housing Market Index Dips 2 Points

FOMC Minutes: Housing Market Stable But Slow

The minutes of the March meeting of the Fed’s Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fed’s target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable. . . . → Read More: FOMC Minutes: Housing Market Stable But Slow

Home Builder Index Stays Near Nine Year Peak

Home Builder Sentiment slipped to a reading of 57 in December according to the National Association of Home Builders Housing Market Index. November’s reading of 58 prompted analysts to project a reading of 59 for December. The latest reading marks the sixth consecutive month for readings above 50. . . . → Read More: Home Builder Index Stays Near Nine Year Peak

What’s Ahead For Mortgage Rates This Week – October 20, 2014

Last week’s economic highlights included the National Association of Home Builders (NAHB) Housing Market Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected. . . . → Read More: What’s Ahead For Mortgage Rates This Week – October 20, 2014

What’s Ahead For Mortgage Rates This Week – Aug 25, 2014

Last week’s economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months. . . . → Read More: What’s Ahead For Mortgage Rates This Week – Aug 25, 2014

Your Home List Price, Should You Lower It?

Are you trying to sell your home and finding that it is not selling very well? This might be due to a number of reasons that you can’t control, such as its location or the fact that the home layout is somewhat unusual. If you are struggling to sell your home, there is one factor that you can alter that might change things – the price. Many homeowners are reluctant to lower the price of their home, because it feels somewhat like a defeat. However, while you want to make as much money from your house sale as possible – it is better to sell your home at a slightly cheaper price than to let it sit on the market for a long time. . . . → Read More: Your Home List Price, Should You Lower It?

Case-Shiller Index Verifies Home Value Gains Through Q3 2012

According to the S&P/Case-Shiller Index, which was released earlier this week, U.S. home prices rose in September for the sixth straight month, climbing 0.3% as compared to the month prior. . . . → Read More: Case-Shiller Index Verifies Home Value Gains Through Q3 2012