Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Case-Shiller Home Price Index reports for November indicate that home price growth continues to slow. The 20-City Home Price Index dropped by 0.20 percent to November’s reading of 4.30 percent year-over-year.
According to the Case-Shiller National Home Price Index, annual home price growth slipped to a seasonally-adjusted rate of 4.80 percent in September. This was 0.30 percent lower than August’s year-over-year reading of 5.10 percent.
As prices continue to rise across the board with everything from food to gas, it’s no wonder that real estate prices are high in many cities across the USA.
The 2013 housing market is expected to perform well. Job growth is playing a role in its recovery.
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?
Recent data suggests that the U.S. housing market is in recovery, albeit an uneven one.
The housing market took a step back in February, but remains near post-Recession highs.