Weichert, Realtors – Courtney Valleywide

01 Apr 2019

What’s Ahead For Mortgage Rates This Week – April 1st, 2019

Financial Reports

Last week's economic reports included readings from Case-Shiller on home price growth, Commerce Department readings on housing starts and building permits issued. The Conference Board issued its monthly reading on consumer confidence. Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller Home Price Indices: Price Growth Slows in January S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand. Affordability concerns sidelined buyers; participation of first-time home buyers remained lower than average. Case-Shiller's 20-City Home Price…

States With The Best Opportunities To Acquire Investment Property

Real Estate

Real estate investors sometimes get stuck in a rut. They repeat the same type of investment that they did before. This is not necessarily a bad thing because a successful experience is worth repeating. However, it is also a good idea to occasionally take a look at the big picture as well, to see what else is out there for investment consideration. Real estate markets go up and down. This can be a regional phenomenon. In some states, there are lots of properties that are "underwater." This means the owners borrowed more on their property than it is currently worth.…

Case-Shiller Home Price Growth Slower in January

Real Estate

Home price indices issued by S&P Case-Shiller showed further slowing in home price growth in January. The national home price index showed 4.30 percent home price growth for the three months ended in January. Analysts expected home prices to grow 4.20 percent for the same period in cities surveyed by Case-Shiller. More cities reported declines in home prices than those that posted gains in home prices. The top cities posting year-over-year home price gains in the 20-City Home Price Index were Las Vegas, Nevada with 10.50 percent growth; Phoenix, Arizona posted a year-over-year home price gain of 7.50 percent. Three…