27 Nov 2015
By Mark Feder

S&P Case-Shiller: September Home Prices Gain Across U.S.

Market Outlook
Home prices increased across the S&P Case Shiller 20-City Home Price Index in September. According to the 20-City Home Price Index, Year-over year home price gains increased to 5.50 percent from August's reading of 5.10 percent. 17 cities posted higher year-over0year price gains in September as compared to August. Western cities led price gains with San Francisco, California reclaiming its lead with a year-over-year gain of 11.20 percent in September. Denver, Colorado followed with a year-over-year gain of 10.90 percent and Portland, Oregon achieved the third highest year-over-year home price gain of 10.10 percent. Phoenix, Arizona had the longest consecutive…
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02 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 2, 2015

Market Outlook
A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index released by S&P Case Shiller showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December. Case-Shiller Reports Higher Home Prices in August August's 20-City Home Price Index issued by S&P Case Shiller showed that average home prices rose in 18 of 20 cities with Denver, Colorado and San Francisco, California posting year-over-year increases of 10.70…
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28 Oct 2015
By Mark Feder

Case-Shiller: August Home Prices Accelerate

Market Outlook
According to the Case-Shiller 20-City Home Price Index, U.S. home prices increased by 0.40 percent in August, which boosted year-over-year home price growth to 5.10 percent. Denver, Colorado continued to lead in home price gains with a monthly increase of 0.90 percent and a year-over-year gain of 10.70 percent. San Francisco, California also posted a year-over-year gain of 10.70 percent, but posted a month-to-month loss of -0.10 percent. Portland, Oregon posted a year-over-year gain of 9.40 percent with a month-to-month gain of 1.10 percent. Cities with the slowest growing home prices year-over-year included New York City with a reading of…
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05 Oct 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 05, 2015

Market Outlook
Last week's economic reports included Pending Home Sales, Construction Spending and several reports on jobs and employment. The details:Pending Home Sales Down as Home Prices RisePending home sales dipped in August, which is consistent with the waning spring and summer peak sales period for homes. Pending home sales were down by -1.40 percent as compared to July's gain of 0.50 percent. Pending home sales indicate future closings and mortgage loan volume.Home prices rose in July according to the S&P Case-Shiller Home Price Index, which reported that home prices for the 20-City Home Price Index rose from June's reading of 4.90…
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