Tuesday, July 26, 2011

Seasonal Factors Lift Home Prices. Temporary Gains?

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Jul 26, 2011 2:31PM

Seasonal Factors Lift Home Prices. Temporary Gains?

Home prices in much of the nation increased in May according to the S&P/Case Shiller Home Prices Indices (HPI) released on Tuesday. May was the second straight month when both the 10 and 20-City composite indices increased. When compared to May 2010, however, only one Metropolitan Statistical Area (MSA), Washington DC, reported an annual increase and that was a modest 1.3 percent. On a non-seasonally adjusted basis, the 10-City Composite increased 1.1 percent in May and the 20-City was up 1.0...

Jul 26, 2011 12:04PM

New Home Inventory Shrinking as Construction Stagnates

The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for June 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. New residential sales estimates only...


Micro News

3:31 PM:

Wednesday's Calendar Slowest of the Week's Remaining Days

3:19 PM:

Healthy Day of Gains for MBS and Treasuries.

3:03 PM:

Americans Back Mixed Solution for Debt Crisis

1:25 PM:

Mild but Positive Reaction to 2 Yr Auction. More Positive Reprices

10:11 AM:

ECON: Consumer Confidence Edges up in July

10:09 AM:

ECON: New Home Sales Down in June, Prices Up

9:04 AM:

ECON: Case Shiller Home Prices Unchanged in May

8:50 AM:

Twin Paralyzing Factors Keep Washington Divided - WSJ

Around the Web

Video News

Home Prices Rise, Sales Slip

Obama & Boehner: War of Words

Double Dose of Housing


Today's Comments

Andrew Heil

"If it was me, I would cut my eating out expenditures, maybe cancel my cable, and get a second job - or look to make more money immediately- not down the..."

John White

"Gotta love AP- Head line reads.... "Spring buying boosted home prices for 2nd month" followed by, in smaller print "But after adjusting..."

Adam Quinones

"QUOTE OF THE DAY: "We're the healthiest horse in the glue factory" - Erskine Bowles, Co-Chairman of the deficit reduction commission"

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

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"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Michael Jungen

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $800,000..."

Ray Gorbea

"Hello All, I'm new here. For the past few days I have been waiting on when it is the best time to lock in a rate. As of yesterday the rates have dropped..."

Sherry Sonnek

"I'm a Mortgage Broker looking for funding sources here in California. Do you accept or work with Brokered loan Packages? I generate conforming loans..."