Arab Today, arab today us home price gains slow again in october
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

US home price gains slow again in October

Arab Today, arab today

Arab Today, arab today US home price gains slow again in October

Washington - AFP

US home prices rose slightly in October, marking a continued softening in the housing market recovery, according to a report released Tuesday. The S&P Case-Shiller 20-city composite home price index rose  0.2 percent in October, following a monthly gain of 0.7 percent in September. On a seasonally adjusted basis, the index was up 1.0 percent. The index posted a gain of 13.6 percent year-over-year, the largest annual increase since February 2006, but smaller than the 13.8 percent rise expected by analysts. The annual gains have been in double-digit territory since March 2013, but "monthly numbers show we are living on borrowed time and the boom is fading," said David Blitzer, chairman of the index committee. Ten cities posted price gains month-on-month, led by Las Vegas with an increase of 1.2 percent. Nine cities saw prices fall, while New York prices were flat. The price slowdown in part reflects the rise in mortgage interest rates since the Federal Reserve revealed plans in May to cut its stimulus program, a move The Fed finally took earlier this month. In mid-December, the Fed began to reduce its monthly asset purchases by $10 billion to $75 billion. "The key economic question facing housing is the Fed's future course to scale back quantitative easing and how this will affect mortgage rates," Blitzer said. "Other housing data paint a mixed picture suggesting that we may be close to the peak gains in prices. However, other economic data point to somewhat faster growth in the new year. Most forecasts for home prices point to single-digit growth in 2014."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us home price gains slow again in october Arab Today, arab today us home price gains slow again in october

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us home price gains slow again in october Arab Today, arab today us home price gains slow again in october

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday