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March Home Prices Extend Recent Rebound

One of the major home price indices showed a continued increase in national home prices in March and less waffling in some local markets. A second index, the Federal Housing Finance Agency’s (FHFA’) Housing Price Index (HPI) lengthened its string of quarterly price gains that stretches back to the first quarter of 2012. The S&amp;P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 0.7 percent annual gain in March, down from 2.1 percent in the previous month. On a monthly basis, that index rose 1.3 percent on a non-seasonally adjusted (NSA) basis and 0.4 percent after (SA) adjustment. Selma Hepp. CoreLogic Chief Economist credited the 0.7 percent annual increase in the National Index to the spring home buying season and a stronger return to the market of buyers than sellers. “[This] created another competitive market environment and one in which the very meager inventory of existing homes is p ....

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Composite Report Reverses Seven Months of Declines

Composite Report Reverses Seven Months of Declines
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US home prices rise in February - surveys - Stock market news

WASHINGTON (Reuters) - U.S. single-family home prices increased in February after seven straight monthly declines likely as a dip in mortgage rates at the start of the year fueled demand, but the overall trend continued to point to a slowdown in house price inflation. | 10:01am ....

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Case-Shiller Reports 2% Gain in February

Case-Shiller Reports 2% Gain in February
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CoreLogic Chief Economist Frank Nothaft Dies Unexpectedly

Nothaft "was a brilliant spokesperson and brand ambassador" whose absence "will be felt profoundly throughout the organization and beyond," the company said. ....

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