The Conference Board’s index advanced to 90.9, the highest since October. of property prices in 20 U.S. cities increased 9.3 percent from May 2013 after a 10.8 percent gain in the year ended in.
In the United States 1.2 homes are foreclosed (per 10,000). With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.
Highlights of Home Prices (October) 20-city property values index increased 6.4% y/y (est. 6.3%), the biggest gain since July 2014; National home-price gauge rose 6.2% y/y, the most since June 2014; Seasonally adjusted 20-city index advanced 0.7% m/m (est. 0.6%)
Texas housing prices have been rising faster than the state's personal income. These rapid price increases aren't occurring uniformly throughout the state, of course, four of the nation's five fastest-growing large cities (those with 50,000 or more. than 20 percent between 2011 and 2016, versus just 4.7 percent for the U.S..
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· According to the most recent S&P Case-Shiller Home Price Indices, single-family home prices in the San Francisco metro area grew by 2.0 percent on a nonseasonally adjusted basis from January to February, the largest monthly increase of the 20 U.S. regions included in the report. Month-over-month price growth was four times higher than the index.
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E-House is joining peer-to-peer lenders to finance down payments for buyers struggling to scrape together a deposit after home prices had tripled since 2000. a practice that led to the U.S. housing.
Since it can help. From Bloomberg: Home prices in 20 U.S. cities rose in October from a year ago by the most in more than seven years, signaling the real-estate rebound will keep bolstering.
Dec. 29 (Bloomberg) — Home prices in 20 U.S. cities rose in October for a fifth consecutive month, putting the housing market and economy farther along the path to recovery. Tax credits for first-time buyers and mortgage rates that are less than a percentage point from record lows may prevent the market from retreating after sales jumped 35.
"Home prices stayed flat in Tampa but increased in most major U.S. cities in September, more evidence of a housing recovery that is providing a lift to the fragile economy. Standard & Poor’s/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3 percent in September compared with the same month last year.