WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. Economists are hopeful that home sales and construction will rebound this year, partly because price gains are returning to levels consistent with a stable housing market. Lower mortgage rates, healthy hiring, and lower down payment requirements from mortgage giants Fannie Mae and Freddie Mac may also spur sales. "The housing market is heading in the right direction," said Stan Humphries, chief economist at real estate data provider Zillow. More inventory ...
Us Home Price Gains Slow In November On Weaker Sales
By CHRISTOPHER S. RUGABER, AP Economics Writer, San Antonio Express-News: World
Tue, 01/27/2015 - 8:56am
BING NEWS:
- The Labor Downshift
Buoyed by the rate retreat and by a relatively solid slate of REIT earnings reports, real estate equities were among the leaders for a second-straight week.
05/5/2024 - 2:00 am | View Link - Westpac: It’s a two-speed house market! AMP: It’s simpler. There’s more Australians than homes
There is now a very clear “two-speed” property price growth duality splitting time and space … and mainly money across Australia’s major capital cities, according to Westpac’s senior economist Matthew ...
05/2/2024 - 5:35 am | View Link - US not suffering from ‘stagflation’, says Fed chairman Jerome Powell
House prices fell for a second month in a row as mortgage lenders put up race, according to a lender. Property values dropped by 0.4pc between March and April, the Nationwide house price index showed, ...
05/1/2024 - 9:07 am | View Link - Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.
05/1/2024 - 7:12 am | View Link - Home prices increase at fastest rate since November 2022
Home sales prices in the U.S. rose 6.4%, bringing cities such as New York to all-time highs, according to Case-Shiller.
05/1/2024 - 5:50 am | View Link - More
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