We’ll add more market news briefs throughout the day. Check back to read the latest.
Most recent market news
Tuesday, January 30
First American Real House Price Index
- Real house prices increased 0.5 percent between October and November 2017.
- Real house prices increased 5.0 percent year over year.
- Consumer house-buying power, how much one can buy based on changes in income and interest rates, was unchanged between October and November 2017, and grew 0.9 percent year over year.
- Real house prices are 37.7 percent below their housing boom peak in July 2006 and 16.2 percent below the level of prices in January 2000.
- Unadjusted house prices increased by 6.0 percent in November on a year-over-year basis and are 6.3 percent above the housing boom peak in 2007.
S&P CoreLogic Case-Shiller Indices
- The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2% annual gain in November, up from 6.1% in the previous month.
- The 10-City Composite annual increase came in at 6.1%, up from 5.9% the previous month.
- The 20-City Composite posted a 6.4% year-over-year gain, up from 6.3% the previous month.
Seattle, Las Vegas, and San Francisco reported the highest year-over-year gains among the 20 cities. - In November, Seattle led the way with a 12.7% year-over-year price increase, followed by Las Vegas with a 10.6% increase, and San Francisco with a 9.1% increase. Six cities reported greater price increases in the year ending November 2017 versus the year ending October 2017.
Read the full report here.
Monday, January 29
- The average 30-year fixed-rate mortgage increased 7 basis points to 4.27 percent.
Email market reports to press@sandbox.inman.com.
