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Even in the time that intervened our afternoon post and the close, MBS moved yet higher and tsy's yet lower. But just as we start passing out grains of salt during negative price action at these times of day, so too will we caution you against allowing these late day gains to lull you into a false...
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Home prices across the nation improved for their fourth consecutive month in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index. The 10-City and 20-City Composites are 16.8% and 17.1% lower, respectively, compared to May 2008. Historically, those...
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The S&P/Case-Shiller Home Price Indices report shows some encouraging signs. Maureen Maitland, of Standard & Poor's, discusses the report in detail.
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Shiller Housing index shows home prices declines. (Bloomberg News)
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A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002. The S&P/Case-Shiller Home Price Index ― which covers 20 metropolitan areas ― showed a price decline of 18.7% in March, suggesting a greater fall in...
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Markets began higher on Tuesday, quickly turned negative, and roughly 90 minutes into the session have nearly bounced back to parity. News from around that nation has been mixed on Tuesday, with financial institutions beefing up capital, prices of houses falling in the first quarter, and the trade deficit...
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The S&P Case-Shiller home price index fell less than expected in February, although 10 of 20 metro areas still showed record rates of decline. The S&P Case-Shiller Home Price Index fell to a reading of 143.17 in February again expectations for a decline to 142.80. January's figure was revised...
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House prices unexpectedly rose in February, according to a report from the Federal Housing and Finance Administration on Wednesday. The report showed a 0.7% month-over-month increase in U.S. house prices, following a downwardly revised 1.0% increase in January. Economists were expecting a 0.7% drop....
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The S&P Case-Shiller U.S. home price index fell more than expected in January, with prices down nearly 20% from a year ago. The 20-city composite index posted a decline of 18.97% to a reading of 146.40. Economists had forecast an 18.60% drop. The three-month annualized rate of decline was 26.46%...
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U.S. consumer confidence and Canadian GDP results will be released on Tuesday. U.S. consumer confidence is expected to climb to 28.0 in March from its record low level of 25.0 in February. "Any lift from the March stock market rally will be offset by the downdraft from a rapidly deteriorating job...
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U.S. house prices unexpectedly advanced in January, according to a report from the Federal Housing and Finance Administration on Tuesday. The report showed a 1.7% month-over-month increase in U.S. house prices following a downwardly revised 0.2% decline in December. The consensus had been for a 0.9%...
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Home sales rose in 56 markets across the United States in December, according to a monthly housing report released Monday. The December average of home sales were up 9.73% in December from the previous month, and up 11.36% from the same period a year ago, the Associated Press and RE/MAX said in the report...
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House prices declined 1.3% over the month of September, following August's downwardly revised -0.8% figure, according to the monthly house price index from the Federal Housing Finance Agency (FHFA) , released Tuesday. The consensus had been looking for a decline of 0.7% in September. August's...
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In this shortened trading week, Tuesday will be a busy day with the release of Canadian retail sales, U.S. third quarter GDP and U.S. consumer confidence . Markets will receive the second print of U.S. GDP for the third quarter, which is expected to come in down to -0.5% from the previous reading of...
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Home prices continued to fall in a majority of U.S. metropolitan areas in the third quarter, while existing home sales were also down in 32 states, the National Association of Realtors reported Tuesday. In the third quarter, median single-family home prices rose in 28 of 152 metro areas, compared to...