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Buying mortgage bonds reduces home loan rates, increases house prices, and pushes up consumer confidence. Demand for mortgages has fallen as the average rate on a 30-year mortgage rose to 4.57.
· The forecast is based on GDP growth of 2.1 percent, a 2.5 percent increase in the consumer price index and unemployment declining to 4.7 percent by the end of the year.
Nashville’s record home prices ended at four months in July, sales rose 4.5 percent last month. Realtors say it’s too early to declare the median price decline to $288,243 last month from $293,753.
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The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator of existing home sales, fell 4.7. year is expected to increase around 2.7 percent.
"Home prices rose. of a year ago. Month-over-month, 13 cities and both Composites posted positive monthly gains." According to Blitzer, "Phoenix continues to lead the recovery with a 20.4 percent.
Today’s report showed the median sales price of a new home rose 4.6 percent. from 4.7 months in November. There were 171,000 new houses on the market at the end of December, the fewest since July.
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There were 210,000 new houses on the market at the end of February, the fewest since October. New-home. rose 1.2 percent to a 4.88 million annualized rate. A 7.5 percent increase in the median.
The average price of a home sold in the county increased 6 percent, to $245,311, and the median rose almost 9 percent, to $212,700. Statewide, home sales rose 1.5 percent in October.
Consumer prices up 2.3 percent over year ended September 2018. October 15, 2018. Over the 12 months from September 2017 to September 2018, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.3 percent, not seasonally adjusted.
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U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros Redfin tracks. The growth rate of home prices was on par with the May rate and was down from a 5.5 percent year-over-year gain in June 2018.
Home prices in the Charlotte market fell 3.4 percent for the year ended in August, according to the Standard & Poor’s/Case-Shiller Home Price Index.
CoreLogic Reports Home Prices Rose by 7.1 Percent Year Over Year CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 -Forecast Indicates Increase of 4.7 Percent by.