Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Demand bumps up housing prices: CoreLogic
IRVINE, Calif. (3/5/14)--Housing prices increased an unexpected 0.9% in January, according to the U.S. CoreLogic Home Price Index released Tuesday, reflecting 23 months of year-over-year increases in home prices nationally.
 
January's number is 12% higher than January 2012, and CoreLogic forecasts that February prices will follow suit with a 12.5% year-over-year growth rate.
 
"Polar vortices and a string of snowstorms did not manage to weaken house price appreciation in January," said CoreLogic Chief Economist Mark Fleming. "The last time January month-over-month and year-over-year price appreciation was this strong was at the height of the housing bubble in 2006."
 
Strong sales in states unaffected by winter weather contributed to the unseasonably positive pricing. According to Moody's, home prices likely will continue to increase because of investor purchases and limited completion of homes under construction (Economy.com March 4).


RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
3 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
4 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
6 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
6 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
6 hours ago