In a report published on Tuesday, the Federal Reserve Bank of New York said that the expected rent price increase for next year was at 8.2%, down from 11.5% last year.The news headline doesn’t seem to be impacting the US Dollar’s performance against its rivals. At the time of press, …
Read More »US mortgage rates can’s slow home prices
Higher mortgage rates did a little to stop home price momentum in March. US home values leaped by 20.6% in March from the year before, according to the S&P CoreLogic Case-Shiller national home price index, up from a 20% increase in February and marking the largest year-over-gain in the index’s …
Read More »Schnabel: ECB Must Considered Prices When Deciding On Tapering
European Central Bank executive board member Isabel Schnabel said on Tuesday, in an interview with the FT, that the bank must consider the “unprecedented” rise in house prices when it comes to assessing inflation and deciding on how fast monetary policy settings should be tightened. The FT framed her comments …
Read More »US Inflation Level Expectations Remain at Record High
US consumer inflation expectations for the year ahead remained at a record 6% in December of 2021, the same as in November. Home price expectations rose to 5.5% from 5% in November but remained below their May 2021 peak. Also, uncertainty and disagreement about future inflation decreased and expectations about …
Read More »U.S. Home Prices Continue to Surge with Tight Supply
Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …
Read More »U.S. Home Prices Surge in Q2 to New Record High
U.S. home prices increased during the second quarter of the year, amid higher demand and a limited supply of available homes. Data by the National Association of Realtors showed on Thursday that the median sales price for single-family existing homes increased in 94% of metropolitan areas across the United States …
Read More »US Home Prices Accelerate in September
Home prices in the United States rose during September, according to recent data. The S&P CoreLogic Case-Shiller National Home Price Index surged by 7% during the fiscal year that ended in September, up from a 5.8% annual rate in August. This is the highest annual rise in the index since …
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