New home sales surged 11.6 percent last month to an annualized pace of 481,000, and consumer confidence blew past expectations in January, according to Tuesday reports. After a lackluster 2014, signs are mounting that 2015 could be a year of huge improvement for the housing market.
Home prices in 20 US cities rose 5.6 percent year-over-year in August, according to Case-Shiller's monthly home price index. The price slowdown is contributing to a housing market that should look more and more appetizing to prospective buyers, but are most in a position to take advantage?
Home prices dipped slightly in June and growth slowed year-over-year, according to S&P/Case-Shiller's 20-city composite index. But according to analysts, a home prices slowdown could help bring the housing market more in line with the rest of the economy.
The University of Hong Kong reported a decline in the price of Hong Kong's residential properties from October through November 2013, but overall, those prices are still above those reported in 2012.
Forget Syria, the debt ceiling, oil prices, and the rest. The biggest threat to the stock market for September is the effect of higher interest rates on the US housing market.
Weak housing numbers released this week have some analysts worried that the housing recovery is losing momentum. Personal income lags, durable goods fall, and Dunkin' Donuts gets in hot water for a 'blackface' ad campaign in Thailand.
Home prices on the Case-Shiller 10-city Index rose 2.48 percent in May, and the 20-city index rose 2.44 percent over the same period. The latest data is continuing to demonstrate significant resiliency compared to past years.