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
Housing Prices Rose 7.3% Through May
WASHINGTON (7/24/13)--With home-buyers competing for a limited pool of listings, U.S. house prices climbed 7.3% in the year through May, according to the Federal Housing Finance Agency (FHFA).
 
Prices rose 0.7% from April on a seasonally adjusted basis, FHFA said in a report released Tuesday (Bloomberg.com and Moody's Economy.com July 23).     
 
Economists had forecast a 0.8% gain in May, said Bloomberg data.
 
An improving employment environment is attracting buyers to the market for a constricted home inventory--which is causing real estate values to rise, Bloomberg said.  
 
Also, U.S. home values increased 2.4% in the second quarter from the first quarter--the largest gain since 2004, according to a separate report issued Tuesday by Seattle based property-research firm Zillow Inc.
 
Higher mortgage rates and a limited supply of homes may be holding back home purchases, Bloomberg said.
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
6 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
11 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
12 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
14 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
14 hours ago