Case Shiller Index of Home Prices

May 31, 2022 The Case Shiller Index of Home Prices in 20 cities rose 3.1% in March after rising 2.4% in February.  Over the past year home prices have risen 21.2%. A broader index  for the entire U.S. — which would include a large number of smaller cities...

Homeownership Rates

February 15, 2021 Home ownership declined 1.6 points in the fourth quarter to 65.8 after having declined 0.5% in the third quarter after rising 2.6% in the second quarter.  Homeownership had been rising gradually for several years before the pandemic hit.  It jumped...

Mortgage Rate

February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%.  It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...

Mortgage Loans

March 6, 2020 Real estate loans rose at a 4.1% annual rate in April.  That apparent strength reflects strength in home sales earlier in the year.  However the Consumer Financial Protection Agency reported that mortgage loan inquiries fell 27% in March so mortgage...