This data puts December’s “home values” at the levels of early 2003. Now everybody just stop. Case-Shiller is an awful report. Here’s are a few reasons:
Continue Reading →The September Case-Shiller Index was released Tuesday. This is Standard & Poors home-value tracker.
In general, prices were down 0.7% from August.
Continue Reading →Mortgage rates squeezed out narrow improvements last week. After a mortgage rate rally during the Monday, Tuesday and Wednesday trading sessions, a sell-off on Thursday and Friday erased the gains.
Continue Reading →It’s now 17 consecutive months where Case-Shiller shows that home values are rising across the United States.
Continue Reading →Think about that in context of Chicago mortgages. FHA is far and away the most condo-friendly product in the market these days. By excluding all but Fannie and Freddie loans, you’ve just excluded the majority of the recent condo sales in Chicago.
Continue Reading →According to the most recent Case-Shiller Index from S&P, home values rose 5 percent in June versus the prior month. This also puts us up 4% from a year ago. This now marks 16 months in a row in which the index has shown an increase in home values and marks a third consecutive month of very strong results.
Continue Reading →1. 13 of the 20 tracked cities are showing home price improvement year-over-year
2. Former foreclosure-leader, San Diego, has now shown 13 straight months of improvement
3. San Diego, San Francisco and Minneapolis are showing double-digit annual growth
As a Chicago mortgage lender, I don’t mind the cities on Case-Shiller’s list, but it is only 20 cities. It does nothing to help forecast the price of your lake home in southwest Michigan.
Continue Reading →Overwhelmingly, home values fell in the 20 markets tracked by the Case-Shiller. Only San Diego showed a modest increase. The other 19 markets averaged a 1.23 percent decline between January and February. However, that’s not the story you read in the most papers.
Continue Reading →The Case-Shiller Index was released Tuesday and shows an improving real estate market.
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