Last week’s economic reports included Pending Home Sales, Construction Spending and several reports on jobs and employment.
National Association of REALTORS – Sales of Pre-Owned Homes Dip
Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July’s rate was 5.58 million sales of previously owned homes.
Case-Shiller: Home Price Growth Slower in April
According to the Case-Shiller 20-City Home Price Index for April, home prices slowed from the March reading of 4.30 percent year-over-year to 4.20 percent year-over-year.
Case-Shiller: 20-City Home Price Index Hits 6 Month High
According to the Case-Shiller 20-City Home Price Index for February, month-to-month home prices increased by 0.50 percent from Januaryâs reading and achieved the highest year-over-year gain in six months. Analysts expected February home prices to increase by 4.80 percent.
S&P Case-Shiller: Home Price Growth Slows in 2015
According to the S&P Case-Shiller Home Price Index report for January, home prices grew by 4.50 percent year-over-year as compared to January 2014âs year-over-year price growth rate of 10.50 percent. This was the lowest rate of home price growth since 2012.
What’s Ahead For Mortgage Rates This Week – December 1, 2014
Last week’s scheduled economic events were packed into Tuesday and Wednesday, but several housing-related reports were released including the Case-Shiller National and 10-and 20-City Home Price Indices for September, The FHFA House Price Index also for September, and New and Pending Home Sales for October.
Case-Shiller Index Shows Near 6% Home Price Gain
Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010.
Case-Shiller index Shows Home Values Rising Nationwide, Too
Nearly five-and-one-half years after April 2007 — the housing market’s national peak — prices are finally beginning to rebound.
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.
Case-Shiller Index Shows Huge Home Price Gain
According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.