Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Demand bumps up housing prices: CoreLogic
IRVINE, Calif. (3/5/14)--Housing prices increased an unexpected 0.9% in January, according to the U.S. CoreLogic Home Price Index released Tuesday, reflecting 23 months of year-over-year increases in home prices nationally.
 
January's number is 12% higher than January 2012, and CoreLogic forecasts that February prices will follow suit with a 12.5% year-over-year growth rate.
 
"Polar vortices and a string of snowstorms did not manage to weaken house price appreciation in January," said CoreLogic Chief Economist Mark Fleming. "The last time January month-over-month and year-over-year price appreciation was this strong was at the height of the housing bubble in 2006."
 
Strong sales in states unaffected by winter weather contributed to the unseasonably positive pricing. According to Moody's, home prices likely will continue to increase because of investor purchases and limited completion of homes under construction (Economy.com March 4).


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
9 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
10 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
12 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
14 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
14 hours ago