01 Oct 2014
By Mark Feder

Case-Shiller: July Home Prices Cool Across U.S.

Market Outlook
The stifling heat of July did not penetrate U.S. housing markets according to the S&P Case-Shiller 10-and 20 City Home Price Index reports. San Francisco's sizzling home prices dropped in July and posted its lowest price gains since 2012. According to the Case-Shiller 10 and 20-City Home Price Index reports, month-to-month home price appreciation fell to identical readings of an 0.60 percent increase as compared to a 1.00 percent increase reported in June. Case-Shiller also reported that home prices grew by 0.50 percent throughout the nation. This was the seventh consecutive monthly increase for national home prices. Year-over-year, seasonally adjusted…
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02 Sep 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – Sept 2, 2014

Market Outlook
Last week's economic news included several reports related to housing. The Case-Shiller and FHFA reports for June showed a further slowing in home price growth. New home sales for July fell short of the expected reading, but pending home sales exceeded expectations. The details: Case-Shiller, FHFA: June Home Price Growth Slows The Case-Shiller 10 and 20-City Home Price Index for June moved from May's year-over-year reading of 9.40 percent growth to 8.10 percent in June. Home prices grew by 1.00 percent on a month-to-month basis in June as compared to May's reading of 1.20 percent. Demand shrank due to increasing…
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28 Aug 2014
By Mark Feder

Case-Shiller, FHFA Report Slowing Growth in Home Prices

Market Outlook
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent. Readings for all three indices worsened as compared to May readings, and all cities tracked showed slower growth in home prices. The National Home Price Index, which is now published monthly, rose by 0.90 percent from May's reading, and both the 10 and 20-City Index posted month-to-month gains of one percent. Five cities including Detroit, Las Vegas, New York, Phoenix and San Diego posted…
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04 Aug 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – Aug 4, 2014

Market Outlook
Last week's economic news included a number of housing related reports. According to the National Association of REALTORS®, pending home sales dropped by 1.10 percent in June. The S&P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April's year-over-year growth rate of 10.80 percent. Construction spending was also lower in June. The Fed's FOMC statement indicated that asset purchases connected to quantitative easing will cease in October, but that the current target federal funds rate is expected to stay in place "a considerable period" after asset…
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