Arab Today, arab today us home prices higher in october
Last Updated : GMT 03:33:17
Arab Today, arab today
Arab Today, arab today

US home prices higher in October

Arab Today, arab today

Arab Today, arab today US home prices higher in October

The S&P/Case-Shiller price index measuring housing prices across 20 major US cities rose 5.5%
Washington - AFP

US home prices climbed in October at a slightly faster pace as the supply of properties on the market remained tight, according to a closely watched private report released Tuesday.

The S&P/Case-Shiller price index for 20 major cities rose 5.5 percent from a year ago in October following a 5.4 percent rise in September.

Month-over-month, the index rose 0.8 percent.

Twelve of the cities reported an acceleration in year-over-year gains. Leading the pack were San Francisco; Denver, Colorado; and Portland, Oregon, with all three posting 10.9 percent increases.

"Generally good economic conditions continue to support gains in home prices," said David Blitzer, head of the Index Committee at S&P Dow Jones Indices, in a statement.

"Among the positive factors are consumers' expectations of low inflation and further economic growth as well as recent increases in residential construction including single-family housing starts."

Blitzer noted that inventories of existing homes, the majority of the US housing market, have averaged near a five-month supply, a "fairly tight" supply.

Blitzer said that the Federal Reserve's decision two weeks ago to begin raising interest rates was not expected to push up historically low mortgage rates quickly.

He noted that the Fed's latest projections suggest that the fed funds rate will be around 2.6 percent in September 2017 compared to the current rate of about 0.5 percent.

"These data suggest that potential home buyers need not fear runaway mortgage interest rates," Blitzer said.

The average 30-year mortgage rate was 3.94 percent in November, compared with 4.0 percent a year ago.

 

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 prices higher in october Arab Today, arab today us home prices higher 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 prices higher in october Arab Today, arab today us home prices higher 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
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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