S&P Case-Shiller’s National Home Price Index rose by 19.80 percent year-over-year in February and was the third-largest pace of home price growth since the National Home Price Index’s inception.
What’s Ahead For Mortgage Rates This Week – February 28, 2022
Last week’s economic reporting included readings on home prices from S&P Case-Shiller and the Federal Housing Finance Agency; data on pending home sales and sales of new homes were also released. The University of Michigan released its final February reading on consumer sentiment and weekly reports on average mortgage rates and jobless claims were also published.
S&P Case-Shiller Indices: December Home Price Growth Hits Record High
While U.S. home prices grew at record speed in December, rising mortgage rates threatened rapid price appreciation as buyers were sidelined by affordability concerns. S&P Case-Shiller’s National Home Price Index reported 18.80 percent year-over-year home price growth in December.
Case-Shiller: Home Price Growth Slows in November
S&P Case-Shiller Home Price Indices reported slower home price growth in November. Rising mortgage rates and high home prices sidelined first-time and moderate-income buyers and investors who fear buying at the peak of today’s housing markets only to face lower home values when home prices cool off.
What’s Ahead For Mortgage Rates This Week – January 24, 2022
Last week’s economic reports included readings from the National Association of Home Builders on housing markets, Commerce Department data on building permits issued, and housing starts. The National Association of Realtors(R) reported on sales of previously-owned homes. Weekly reports on mortgage rates and jobless claims were also released.
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