Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Home prices increased in November, with national home prices up 0.70 percent month-to-month and 6.20 percent higher year-over year. Case-Shiller’s 20-City Home Price Index rose by 0.70 percent in the three-month period ending in November; nationally, home prices grew 6.20 percent year-over-year.
Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010.
According to the S&P/Case-Shiller Index, which was released earlier this week, U.S. home prices rose in September for the sixth straight month, climbing 0.3% as compared to the month prior.
Buying your first home can be exciting, but you should also do your research to make sure that you ask the right questions.
Home value rose to close out the summer, according to the S&P/Case-Shiller Index, an oft-cited home-valuation tracker.
Nearly five-and-one-half years after April 2007 — the housing market’s national peak — prices are finally beginning to rebound.
According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high.
In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier.
Home builders expect a strong second-half in the 2012 housing market.