26 Aug 2015
By Mark Feder

Case-Shiller: Home Prices Continue to Outpace Inflation

Market Outlook
Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent. Denver's home prices were impacted by the city's rapidly expanding economy and demand for homes coupled with a slim supply of homes for sale. According…
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24 Aug 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – August 24, 2015

Market Outlook
Last week's economic events included a number of readings on housing related topics. The National Association of Home Builders released its report on builder confidence in housing markets, Housing starts reached their highest level since the great recession, and existing home sales exceeded expectations and the prior month's reading. The Federal Reserve released minutes for its most recent FOMC meeting, which indicated that while a majority of FOMC members are leaning toward raising the Fed's target federal funds rate, concerns over certain aspects of the economy continue to keep the Fed from citing a date for raising its target interest…
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27 Jul 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – July 27, 2015

Market Outlook
Last week's scheduled economic news releases were limited as no news was released on Monday or Tuesday, but good news did arrive in the form of a dip in mortgage rates for fixed rate loans. The National Association of Realtors® reported higher sales of pre-owned homes and FHFA reported that home price growth associated with mortgages held or backed by Fannie Mae and Freddie Mac held steady in May. Sales of Pre-Owned Homes and FHFA House Prices Rise According to the National Association of Realtors®, June sales of existing homes reached their highest level since February 2007. Sales of used…
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23 Jul 2015
By Mark Feder

Good News! Existing Home Sales, FHFA Home Prices Increase

Market Outlook
Housing markets show continued signs of strengthening according to reports released on Wednesday. The National Association of Realtors® reported that sales of pre-owned homes rose to 5.49 million in June as compared to May's revised reading of 5.32 million pre-owned homes sold and expected sales estimated at 5.42 million sales. Expectations were based on May's original reading of 5.35 million sales. June's reading was the highest since February of 2007. Readings for existing home sales are calculated on a seasonally adjusted annual basis. Buyers Gain Confidence in Labor Markets, Rush to Beat Rate Hikes Lawrence Yun, chief economist for the…
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