• FHFA: Home Prices Rise in Q3

    18 days ago - By RIS Media

    In the third quarter of 2018, home prices rose 1.3 percent, according to the Federal Housing Finance Agency's recently released House Price Index. The HPI year-over-year was up 6.3 percent.
    “Home prices continued to rise in the third quarter but their upward pace is slowing somewhat,” says Dr. William Doerner, FHFA supervisory economist. “Rising mortgage rates have cooled down housing markets-several regions and over two-thirds of states are showing slower annual gains.”
    Per the Index, annual appreciation ranged from 8.9 percent in the Mountain Census division to less than 5 percent in the...
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  • Case-Shiller ‘Confirms' Cooling Housing Market

    Case-Shiller ‘Confirms' Cooling Housing Market

    18 days ago - By RIS Media

    The Beginning of the End of Explosive Prices
    In September, the growth in home prices slowed to 5.5 percent, continuing a cooldown that surfaced this summer , according to the latest S&P CoreLogic/Case-Shiller Indices.
    With buyers grappling with increasing mortgage rates, prices were ripe to stabilize. With the exception of October, existing-home sales have settled into a slump for the year, and housing starts, overall, have been weak.
    “Sales of both new and existing single-family homes peaked one year ago in November 2017,” says David M. Blitzer, chairman and managing director of the Index...
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  • Real House Prices and Price-to-Rent Ratio in September

    Real House Prices and Price-to-Rent Ratio in September

    18 days ago - By Calculated Risk

    Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.5% year-over-year in September
    It has been over eleven years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index , was reported as being 10.8% above the previous bubble peak. However, in real terms, the National index is still about 8.5% below the bubble peak (and historically there has been an upward slope to real house prices). The composite 20, in real terms, is still 12.4% below the bubble peak.
    The year-over-year increase in prices has...
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