Home prices in 20 U.S. cities increase by most since 2014
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All 20 cities in the index showed year-over-year gains, led by a 12.7% increase in Seattle and a 10.6% advance in Las Vegas. After seasonal adjustment, San Francisco had the biggest month-over-month rise at 1.8%, followed by Las Vegas with a 1.1% increase.
Employers probably hired 160,000 workers in January, after a 155,000 increase in December, based on Bloomberg. index of home prices in 20 U.S. cities increased 5.5 percent in the 12 months to.
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Home price gains in 20 U.S. cities cooled off in the 12 months through September as the housing market continued to make gradual progress, according to the S&P/Case-Shiller Home Price Indices.
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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%)
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.
Home prices in 20 U.S. cities increase by most since 2014 FILE – In this Tuesday, May 16, 2017, file photo, a construction worker continues work on new town homes under construction in Woodstock, Ga.
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Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand. The S&P/Case-Shiller index of property values in 20 cities increased 5.8 percent from a year earlier, the biggest advance since July 2014, a report from the group showed Tuesday in New York.
Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014 The residential real-estate market is benefiting from steady demand backed by a strong job market and low mortgage rates. bloomberg | Nov.
U.S. price for a new home at $315,500, a 125% increase since 1996. Meanwhile, national average annualized rental rates for apartments stood at $14,893, just 56% higher than the 1996 number. Of.
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"The demand for buying a home is as strong as it has been since before the Great Recession," said nar chief economist lawrence yun.. 19 cities saw a median home price increase of more than 14%.
Refinance application share hits eight-year low: MBA Turnover of existing homes fell to an 11-month low in July, while sales of new homes hit a seven-month low. Last week, the average interest rate on conforming 30-year fixed-rate mortgages dipped to 4.11 percent, a fresh nine-month low, from 4.12 percent the prior week, the MBA said.