S&P/Case-Shiller: All 20 cities post annual gains
· The non-seasonally adjusted S and P CoreLogic Case-Shiller home price index (20 cities) year-over-year rate of home price growth slowed from 2.7 % to 2.5 %.
· Going locally on the Case-Shiller report, Las Vegas, Phoenix and Tampa saw the highest annual gains among the 20 cities in April. Las Vegas prices rose 7.1%, followed by Phoenix with a 6.0% increase, and Tampa with a 5.6% increase.
The S&P/Case-Shiller U.S. national home price index, which covers all nine U.S. census divisions, recorded a 10.3% gain in the first quarter of 2014 over the first quarter of 2013.
S&P/Case Shiller’s home price index gains for 5th month U.S. single-family home prices gained for the fifth month in a row in June, a fresh sign of improvement in the housing market, a closely.
The Dodd-Frank mortgage shift: From pre-qualify to pre-approval Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch First, as we’ve done in previous quarters, we’re noting significant loan loss reserve releases. This quarter, we have a $0.15 per share increase in earnings from a reduction in Card Services..Although pre-qualification and pre-approval sound similar, they’re actually different Mortgage pre-qualification and mortgage pre-approval are commonly tossed around as synonyms during the home buying process. However, they have drastically differ.Freddie Mac posts net income of $7.7B in 2014 >> On Feb. 19, Freddie Mac released its earnings report for the fourth quarter showing the company earned net income of $227 million and comprehensive income of $251 million. The company also reported full-year profit for 2014 that was significantly under 2013’s performance.New ECOA rule means collateral valuation pipelines may be leaking Online Banking Service Agreement. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
S&P Case Shiller: Home Price Gains Concentrated in the South and West. S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for june 2016 shows that home prices continued their rise across the country over the last 12 months.
First American Sees 1.7m in Shadow Inventory Fewer people filing for unemployment File an Unemployment Insurance Claim. En espaol. unemployment insurance (ui) is an employer paid program that provides partial income replacement when you become unemployed or have your hours reduced and meet all eligibility requirements.The following information will help guide you through the claim filing process.The Royal Bank of Scotland found 2.7m, and First American CoreLogic counted 1.7m. S&P estimates the inventory to equal a 33-month supply of homes. Analysts added the estimate is actually conservative, as they did not assume homes not showing signs of distress would default and push the overhang of supply even further.
As of June 2011, 19 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices and both monthly composites were up versus May – Portland was flat. However, they were all down compared to June 2010. Twelve of the 20 MSAs and both Composites have now increased for three consecutive months, a sign of the seasonal strength in the housing market.
Price gains accelerated slightly in July, increasing on an annual basis by 4.7 percent compared to a 4.5 percent year-over-year increase in June. The S&P/Case-Shiller U.S. National. down 0.2.
NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains The mix of new houses being sold will shift toward the more affordable end of the market, resulting in a lower median price. Even as sales rise to a 12-year high, the median new-house price will fall 2.8% to $317,300, according to Yun’s forecast. For 2020, he expects new-home sales will grow 7.9% to 720,000 and the median price will increase.
The 10-City Composite annual increase came in at 3.2%, down from 3.7% in the previous month. The 20-City Composite posted a 3.6% year-over-year gain, down from 4.1% in the previous month. Las Vegas, Phoenix and Minneapolis reported the highest year-over-year gains among the 20 cities.
The 10- and 20-city composites showed average home prices increase 10.3% and 10.9%, respectively. All 20 cities reported positive year-over-year growth. In the first quarter of 2013, the national composite rose by 1.2%. On a monthly basis, the 10- and 20-city composites both rose 1.4%.