May 2017 Volume 43, Number 5 | |||||
U.S. Home Prices Hit a 2.5-Year HighU.S. home prices moved higher in December 2016, just months after hitting a high last seen at the height of the housing bubble in 2007. The S&P/Case-Shiller 20-city index rose 5.6 percent in the three-month period ending in December 2016 compared to the same period a year ago. It also saw an increase over the 5.2 percent annual gain reported in November 2016. The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices. The broader national index rose 5.8 percent for the year in December 2016, the biggest gain in 30 months. Economists had forecast an increase of 5.4 percent in the 20-city index, which attracts more attention than the national measure. |
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12 Surprising Facts about Millennial Homebuyers Cities Where Over 50 Percent of Millennials Own Homes Citigroup to Exit Mortgage Servicing Business by 2018 House Flipping Frenzy Returns to U.S. Real Estate Mortgage Volume Increases by 3.3 Percent as Borrowers Rush to Beat Rising Rates Survey Shows Smart Home Devices Still in Early Adopter Phase U.S. Home Prices Hit a 2.5-Year High Wall Street Eyes Shopping Malls as Next U.S. Credit Crisis | |||
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