02 Jun 2021
By Mark Feder

Case Shiller: Home Prices Rise at Fastest Pace Since 2005

Financial Reports
March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February’s reading of 12.00 percent growth. The Case-Shiller 20-City Home Price Index reported average year-over-year home price gains of 13.30 percent in March. Phoenix, Arizona continued to lead the 20-City Index with a year-over-year home price growth of 20 percent. San Diego, California followed with home price growth of 19.10 percent; Seattle, Washington reported year-over-year home price growth of 18.30 percent. How the Covid Pandemic Impacted  Home Prices Real estate pros…
Read More
01 Jun 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – June 1, 2021

Financial Reports
Last week’s economic reports included readings on home price growth, new and pending home sales, and inflation. Weekly readings on mortgage rates and jobless claims were also released. Case-Shiller Reports Highest Gains in Home Prices Since 2005 March home prices grew at a seasonally-adjusted annual rate of 13.20 percent according to S&P Case-Shiller’s National Home Price Index for March. National home prices gained 12.00 percent year-over-year in February; the corresponding 20-City Home Price Index reported that Phoenix, Arizona held the top spot for home price growth for the 22nd consecutive month; home prices rose by 20.00 percent year-over-year. San Diego,…
Read More
24 May 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – May 24, 2021

Financial Reports
Last week’s economic reporting included readings from the National Association of Home Builders, data on sales of existing homes, and reports on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Home Builder Confidence Unchanged in May The National Association of Home Builders Housing Market Index reading for May was unchanged from April’s reading of 83. Readings higher than 50 indicate that most home builders were positive about housing market conditions. Component readings for builder confidence in housing market conditions in May were mixed; builder confidence in current market conditions was…
Read More
17 May 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – May 17, 2021

Financial Reports
Last week’s economic reports included readings on inflation, core inflation, and the University of Michigan’s  Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released. April Inflation Rate Hits 13-Year High The federal government’s Consumer Price Index rose by 0.80 percent in April as compared to the March reading of 0.60 percent. Analysts expected inflation to increase by 0.20 percent in April. Core inflation, which excludes volatile food and fuel sectors, rose by 0.90 percent in April. Analysts expected core inflation to grow by 0.30 percent in April which would have been unchanged from the March…
Read More