Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.
Existing home sales have increased by 10.2 percent as compared to 4.52 million existing home sales for February 2012, and have increased for 20 consecutive months. Read more…
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March.
Last week’s jobs report — a combination of the Department of Labor’s non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news.
The previous couple years’ doom and gloom outlook is looking like it is turning more upbeat and robust for the rest of 2013.
19 of 20 metro areas showed higher home prices in Q 4 2012 with the New York metro area showing a decrease in home prices; this could be due in part to the impact of Hurricane Sandy.
Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January.
February’s Housing Market Index reading remains near the HMI’s highest level since April 2006, when the HMI reading reached 51.
The National Association of Homebuilders recently released its Improving Markets Index for the month of February.
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.