Reading Real Estate Tea Leaves: What Housing Market Data Shows
Buying a house is the ultimate indicator of consumer confidence; building more of them is an early hint at an economic upturn. So what are the housing reports pointing to now?
Buying a house is the ultimate indicator of consumer confidence; building more of them is an early hint at an economic upturn. So what are the housing reports pointing to now?
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
We've whittled the vast universe of economic data down to these nine key numbers that will give you a quick handle on the health of the economy.
The Common Sense Housing Investment Act would help millions more Americans claim the mortgage-interest tax deduction -- and still boost the government's tax revenues.
The Standard & Poor's 500 index closed within a point of its all-time high after another strong report on housing encouraged investors to buy stocks.
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That's up from an 8.3 percent increase in December and the biggest annual gain since April 2006.
U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes. The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent year over year, up from a 5.5 percent annual gain in November.
U.S. home prices rose 8.3 percent in December compared with a year earlier, according to data Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.
U.S. single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from the closely watched S&P/Case-Shiller Index showed on Tuesday. Prices in the 20 cities rose 5.5 percent year over year.
US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.
U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the housing market. But month-over-month, prices fell 0.2 percent in October from September, reflecting the end of the summer home-buying season.
Standard & Poor's/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3 percent in September compared with the same month last year. Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011.
Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy. The Commerce Department said Wednesday that new home sales rose 5.7 percent in September to a seasonally adjusted annual rate of 389,000.
A key measure of U.S. home prices jumped 4.6 percent in August compared to a year ago, the largest year-over-year increase in more than six years.













