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The Federal Housing Finance Agency (FHFA) and all three of the S&P CoreLogic Case-Shiller price indices posted annual price gains in excess of 19 percent in July. Each index accelerated from their rates of growth in June setting new price records. Case-Shiller's National Home Price NSA Index, covering all nine U.S. census divisions, rose 19.7 percent in July compared to 18.7 percent the previous month. The 10-City and 20-City Composites gained 19.1 and 19.9 percent respectively, up from 18.5 percent and 19.1 percent. Phoenix posted the greatest appreciation among the 20 cities for the 26th month at 32.4 percent. Phoenix was followed by San Diego with a 27.8 percent annual increase and Seattle with 25.5 percent. Seventeen of the 20 cities reported higher price increases in the year ending
Housing News
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The Federal Housing Finance Agency (FHFA) and all three of the S&P CoreLogic Case-Shiller price indices posted annual price gains in excess of 19 percent in July. Each index accelerated from their rates of growth in June setting new price records... (read more)
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Housing News
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Two important members of the real estate community issued reports related to the impact of climate change within the last week. The Mortgage Bankers Association (MBA) Research Institute for Housing while CoreLogic's study was concerned with the housi... (read more)
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Rob Chrisman
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Seen on a chalkboard outside a bar: “Beer shortage coming soon. Panic buy here!” Moving from booze to bonds, thinking that the Fed would buy $5 billion a day of MBS is wishful drinking. Uh, sorry, I meant wishful thinking. The Fed’s... (read more)
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