Housing Tag

US House Prices Rise In February

02 Apr, by Knowledge Leaders Team in Uncategorized

The latest data out for US house prices show an increase in February according to CoreLogic. Both including and excluding distressed sales, house prices rose in February after stagnating in the latter half of 2013.  Meanwhile, mortgage applications for both purchasing and refinancing remain at...

Japanese Data Releases Show More of the Same

31 Mar, by Knowledge Leaders Team in Uncategorized

Today saw the release of Japanese industrial production, the Markit Manufacturing PMI, and housing starts. Unfortunately this latest package of data does little to alter the ongoing trend of a deteriorating Japanese economy. Indeed, industrial production saw the largest one month drop since the earthquake...

US Housing Round-Up

25 Mar, by Knowledge Leaders Team in Uncategorized

We had three US housing related economic releases today: FHFA House Price Index, S&P Case-Shiller, and new home sales. The two price series both slightly beat consensus while new home sales came in exactly at consensus. FHFA house price increased by 7.4% year-over-year in January...

US Existing Home Sales Decline For The 6th Time In 7 Months

20 Mar, by Knowledge Leaders Team in Uncategorized

Existing home sales fell to 4.6 million homes in February which is the lowest level since July 2012. Existing home sales are now down over 7% year-over-year. The weakness this month was centered in the Midwest and Northeast. The South and West regions both saw...

US Home Prices Losing Momentum

25 Feb, by Knowledge Leaders Team in Uncategorized

The Case-Shiller Home Price Index has now had back to back monthly declines for the first time since Oct-Nov 2012. Granted the declines were small but we are seeing other evidence that housing prices lost some momentum at the end of last year....

Another Disappointing US Housing Data Release

21 Feb, by Knowledge Leaders Team in Uncategorized

Existing home sales fell by -5.1% month-over-month in January. Existing home sales have now declined five of the past six months are now down on a year-over-year basis (5.13%). Mean and average prices, however, remain higher on a year-over-year basis (8.8% and 10.7%, respectively)....

Are US Housing Prices About To Drop?

18 Feb, by Knowledge Leaders Team in Uncategorized

This morning the NAHB Housing Market Index showed a large 10-point drop in January. This is, in fact, the largest decline on record for the Housing Market Index. Traffic of  perspective buyers also had a large decline. The nine point decline in the traffic of...

US Mortgage Apps Remain Near 13-Year Lows

12 Feb, by Knowledge Leaders Team in Uncategorized

While 30-year fixed mortgage rates have dropped by about 30 bps to 4.55% after peaking at 4.86% in September of last year, it is somewhat troubling to see that mortgage applications are practically unchanged during this period. Meanwhile the number of real estate credit employes...

US Pending Home Sales Falls Off A Cliff In December

30 Jan, by Knowledge Leaders Team in Uncategorized

Pending Home Sales Index fell by 8.7% month-over-month compared to expectations of only a -0.5% decline. Pending home sales have now dropped every month since making a four year high in May. Unfortunately, weakness was across the entire country. The West leads the way down...

House Price’s Losing Some Momemtum

28 Jan, by Knowledge Leaders Team in Uncategorized

The Case-Shiller Home Price Index reported home price statistics for November this morning. The report indicates that housing prices have lost some momentum two thirds of the way through the final quarter of 2013. For the first time since March, there were several cities that...