02 Apr 2020
By 24hr Mortgage

Case-Shiller: January Home Price Growth Strong; Pandemic Impact Unknown

Financial Crisis, ,
United States home prices increased by 3.90 percent year-over-year in January as compared to December’s growth rate of 3.70 percent according to Case-Shiller’s National Home Price Index. Home prices also rose in Case-Shiller’s 20-City Home Price Index. 20-City Home Price Index: Phoenix Arizona Leads in Home Price Growth The Case-Shiller 20-City Home Price Index is followed closely by real estate pros and its trends are used to gauge home price growth within cities included in the index. Phoenix, Arizona led home price growth rates for the eighth consecutive month with a year-over-year growth rate of 6.90 percent. Seattle, Washington followed…
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29 Jan 2020
By 24hr Mortgage

Case-Shiller Reports Growth In Home Prices In November

Market Outlook, ,
Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy. Mr. Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices said, "It is, of course, too soon to say whether this marks an end to the deceleration [of home price growth] or is merely a pause in the longer-term trend."…
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04 Dec 2019
By 24hr Mortgage

Case Shiller, FHFA Report Uptick In Home Price Growth In September

Real Estate Trends, ,
Case-Shiller’s National Home Price Index showed 3.20 percent national home price growth in September, which was 0.10 percent higher than August’s reading of 3.10 percent. The 20-City Home Price Index showed the continued impact of exorbitant home prices on both coasts as home price growth slowed in high-cost areas and smaller markets experienced upward pressure on home prices as home buyers were seeking affordable homes. Phoenix, Arizona led the 20-City Home Price Index with 6.00 percent year-over-year growth in September. Charlotte, North Caroline had 4.60 percent growth in home prices and Tampa, Florida rounded out the three cities with highest…
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26 Sep 2019
By 24hr Mortgage

Case-Shiller: July Home Price Growth Hits Lowest Pace in 12 Years

Market Outlook, ,
Case-Shiller's National Home Price Index reported U.S. home prices grew by 3.20 percent year-over-year in July; as compared to year-over-year home price growth 0f 3.00 percent posted in June. Cities with the highest rates of year-over-year home price growth were Phoenix, Arizona with 5.80 percent year-over-year home price growth. Las Vegas, Nevada had 4.70 percent year-over-year home price appreciation and Charlotte, North Caroline bumped Tampa, Florida from the top three cities with home price appreciation of 4.60 percent. Tampa, Florida posted 4.50 percent year-over-year home price growth in July. Home Price Growth Stalls In West 14 cities had higher home…
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28 Aug 2019
By 24hr Mortgage

Case-Shiller: June Home Prices Grew at Slowest Pace in 12 Years

Market Outlook, ,
Home price growth continued to slow in June according to Case-Shiller's 20-City Home Price Index. 17 cities reported higher home prices in June, but three cities reported lower home prices month-to-month. Seattle, Washington was the only city to report lower home prices year-over-year in June. Phoenix, Arizona Home Price Growth Highest in June Phoenix, Arizona toppled Last Vegas, Nevada's hold on first place for home price growth in June. According to Case-Shiller's 20-City Home Price Index, home prices in Phoenix rose by 5.80 percent year-over-year in June. Las Vegas, Nevada followed closely with year-over-year home price growth of 5.50 percent.…
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01 Aug 2019
By 24hr Mortgage

Case-Shiller: Home Prices Growth Slows in March

Market Outlook, ,
Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller's National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April's year-over-year reading of 3.50 percent. Las Vegas, Nevada held its first place position in the 20-City Home Price Index for highest year-over-year home price growth rate at 6.40 percent; Phoenix, Arizona held second place with a year-over-year home price growth reading of 5.70 percent. Tampa, Florida home prices grew by 5.10 percent year-over-year in May.…
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