All Posts Tagged: investment propoerty
Numbers Count: Weekly mortgage data highlights
Numbers count. They matter to bankers and to prospective homebuyers, sellers, and real estate professionals. Here’s my take on the key numbers on the housing market this week.
The numbers: Home price slowdownThe rise in home prices continued to slow in September, according to the latest S&P/Case-Shiller Home Price Indices released Nov. 25. Home prices are still rising, just at a slower pace than in 2013 and early this year. Case-Shiller’s 10-city composite climbed 4.8% year-over-year in September, down from 5.5% in August, and the 20-city composite increased 4.9% year-over-year versus 5.6% in August.
Keep in mind this combination of moderate appreciation and low rates may not last forever. As the economy strengthens, the outlook is for interest rates to rise gradually in coming months, according to many economists, including our own Scott Anderson. A stronger economy may push home prices higher as well.
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