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S&P / Case Shiller Index Shows Rising Home Prices

Posted in Market News | May 27, 2014

Home prices rose in almost every city comprising the S & P 500 / Case Shiller 20-city composite index, according to a press release issued today. New York City was the only metro area with declining property prices in the first quarter 0f 2014. Overall, home prices rose more slowly than they did in 2013, said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “The year-over-year changes suggest that prices are rising more slowly. Annual price increases for the two Composites have slowed in the last four months and 13 cities saw annual price changes moderate in March. The National Index also showed decelerating gains in the last quarter. Among those markets seeing substantial slowdowns in price gains were some of the leading boom-bust markets including Las Vegas, Los Angeles,

Housing market recovers from a one-two punch

Posted in Market News | March 18, 2014

(photo: Andrea Allen) If the housing market were a boxer, you could say it had been stunned a little by a one-two combination, but was still on its feet. After falling in January and February, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose slightly in March. It still is not back where it was, but at least the downward trend has been broken. Slight improvement The HMI rose by a single point, to a level of 47, in March. This follows a one-point decline in January and a disturbing ten-point decline in February, after the HMI had ended last year at a fairly healthy level of 57. The HMI is based on a survey of home builders, and it compiles their views on three aspects of the

FHFA: Home Prices Rise at Slower Pace

Posted in Market News | March 3, 2014

If you’re worried that rising home prices are about to go south, you aren’t alone. Analysts and media reports have recently paid much attention to the slower pace of home price gains, but longer-term trends may ease your concerns. Home prices continue to rise, but not as fast as they did early last year. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, recently released its House Price Index (HPI) report for the fourth quarter of 2013. Data contained n the FHFA HPI report is based on home sales connected with mortgages securitized or owned by Fannie Mae and Freddie Mac. While the HPI indicated that home price growth slowed in the final quarter of 2013, it also brought FHFA’s 10th consecutive quarter of home price growth. This news supports a steady record of recovery for housing markets. FHFA:

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