Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Home Prices Up, Existing-Home Sales Dip
WASHINGTON (4/24/13)--U.S. home prices increased in the first quarter this year, while existing home sales dipped in March.

U.S. house prices rose 0.7% on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency's monthly House Price Index. For the 12 months ending in February, prices increased 7.1%.

The U.S. index is 13.6% below its April 2007 peak and is roughly the same as the October 2004 index level. U.S. house prices have not declined monthly since January 2012.

For the nine census divisions, seasonally adjusted monthly price changes from January to February ranged from -0.6% in the Middle Atlantic division to 1.7% in the South Atlantic division. The 12-month changes ranged from 1.9% in the Middle Atlantic division to 15.3% in the Pacific division.

Also, March existing-home sales eased from inventory constraints, which continued to pressure home prices, according to the National Association of Realtors (NAR).

Total existing-home sales--completed transactions that include single-family homes, townhomes, condominiums and co-ops--declined 0.6% to a seasonally adjusted annual rate of 4.92 million, from a downwardly revised 4.95 million in February. However, the sales remain 10.3% higher than the 4.46 million-unit pace in March 2012.  

Sales have been above year-ago levels for 21 consecutive months, while prices show 13 consecutive months of year-over-year price increases, NAR said.

For more information, use the links.
RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
17 seconds ago