Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Housing Prices Rose 7.3% Through May
WASHINGTON (7/24/13)--With home-buyers competing for a limited pool of listings, U.S. house prices climbed 7.3% in the year through May, according to the Federal Housing Finance Agency (FHFA).
 
Prices rose 0.7% from April on a seasonally adjusted basis, FHFA said in a report released Tuesday (Bloomberg.com and Moody's Economy.com July 23).     
 
Economists had forecast a 0.8% gain in May, said Bloomberg data.
 
An improving employment environment is attracting buyers to the market for a constricted home inventory--which is causing real estate values to rise, Bloomberg said.  
 
Also, U.S. home values increased 2.4% in the second quarter from the first quarter--the largest gain since 2004, according to a separate report issued Tuesday by Seattle based property-research firm Zillow Inc.
 
Higher mortgage rates and a limited supply of homes may be holding back home purchases, Bloomberg said.
RSS print
News Now LiveWire
Maine wracked by 100,000 compromised cards from #HomeDepotBreach http://t.co/edJuIOuBvO
31 minutes ago
@federalreserve Fed Reserve today said it will not propose any change to its cap on debit card interchange fees http://t.co/0vm600OMau
53 minutes ago
Sept. #NCUABdMtg is adjourned.
2 hours ago
.@TheNCUA : Positive TCCUSF net position does not mean that CUs will get a rebate. Final accounting likely in 2020 or 2021. #NCUABdMtg
2 hours ago
No Stabilization Fund (TCCUSF) assessment in 2014. #NCUABdMtg
2 hours ago