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S&P Analysts: Accelerating Home Prices Reflect Economic Recovery


S&P Analysts: Accelerating Home Prices Reflect Economic Recovery
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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.
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Apr 27 2021, 10:01AM
A month after interest rates began to rise, neither the S&P CoreLogic Case-Shiller indices nor that from the Federal Housing Finance Agency (FHFA) found any slowdown in home price appreciation.
Both logged double digit annual increases, in all cases higher than those in January.
The Case-Shiller National Home Price Index, which covers all nine U.S. census divisions, rose 12.0 percent in February compared to an annual increase of 11.2 percent in January. On a month-over-month basis the National Index was up 1.1 percent before and after seasonal adjustment. ....

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Fed meeting, Big Tech earnings, Q4 GDP: What to know in the week ahead


Fed meeting, Big Tech earnings, Q4 GDP: What to know in the week ahead
Emily McCormick
Traders will have no shortage of events to consider this week, with the Federal Open Market Committee’s January policy meeting and bevy of major corporate earnings results and economic data releases all on deck.
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January FOMC meeting
In recent public statements, Federal Reserve officials have signaled a commitment to keeping their feet on the gas pedal with respect to their crisis-era monetary policy support.
Namely, Fed officials have signaled that interest rates would stay at their current near-zero level through at least 2023, and that their aggressive asset purchase program would continue at the current rate of $120 billion per month until “substantial further progress” is made in the economic recovery. ....

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