Eye On Housing
In December, the National Bureau of Economic Research (NBER) released a working paper announcing the release of an updated version of the Wharton Land Use Regulatory Index. The paper’s lead author, Joseph Gyourko, is a professor at the Wharton School who is well known for his research in this area and worked with the previous version of the index. The… Read More ›
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 5.6% in October, faster than a 4.7% increase in September. It was the highest gain since February 2018. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index posted a 3.3% annual gain in October, up… Read More ›
Compared to last month, national home prices rose at a faster annual growth rate in September. Seattle reported the highest gain while three metro areas (San Francisco, Chicago and Boston) experienced home price declines in September. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 4.7% in… Read More ›
Benefitting from lower mortgage rates, pending home sales increased for the second straight month in September. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 1.5% from 107.1 in August to 108.7 in September, highest level since December 2017. On a year-over-year basis, sales… Read More ›
National home prices increased modestly in August. New York and Las Vegas experienced price declines while Phoenix led the way with a 9.1% annual growth rate in August. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices rose at a seasonally adjusted annual growth rate of 4.2% in August, following an increase of 2.1% in July…. Read More ›
Pending home sales bounced back in March, after a minor slip in February. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 3.8% from 101.9 in February to 105.8 in March, but was still 1.2% below the level one year ago, marking the fifteen… Read More ›
Nationally, home price appreciation continued in August. Based on a seasonally adjusted annual growth rate, home prices in Seattle, New York and San Diego declined faster in August than in July. Home prices in New York has decreased for the fifth consecutive month. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at… Read More ›
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 8.4% in November, unchanged from October. In the first eleven months of 2017, home price appreciation was 6.0% on average, slightly higher than 5.3% of 2016. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose… Read More ›
S&P Dow Jones Indices reported that the Case-Shiller U.S. National Home Price Index, which uses prices of existing homes, rose at a seasonally adjusted annual growth rate of 8.4% in October, slightly slower than the 8.5% increase in September. The September increase was revised down from its original estimate of 9.0%. Meanwhile, the Home Price Index, released by the Federal Housing… Read More ›
The Financial Accounts of the United States for the third quarter of 2017 were published by the Board of Governors of the Federal Reserve System recently. On a nominal and not seasonally adjusted basis, the aggregate market value of households’ real estate continues to improve. In nominal terms, households’ owner-occupied real estate increased to $24.2 trillion in the third quarter… Read More ›