Denver's still among top 4 cities for home-resales price gains
28 June, 2017, 05:15 | Author: Zachary Santiago
US single-family home prices rose in April due to tight inventory of houses on the market and low mortgage rates, a survey showed on Tuesday, and economists see no imminent change in the trend.
S&P CoreLogic Case-Shiller Home Price Index (HPI) covering all 9 U.S. Census Bureau divisions showed home prices in April climbed only 0.3% and 5.7% on the year. Home prices nationally rose 5.5 percent on an annualized basis this past April, down from 5.6 percent in March.
"If mortgage rates, now near 4 percent, rise further, this could deter more people from selling and keep pressure on inventories and prices", Blitzer said in a statement. Seattle's residential real estate saw a 12.9 percent year-over-year price increase, making it the nation's fastest-growing city for home prices for the eighth month in a row.
Condo prices in the Chicago area did a bit better on a year over year basis with a 4.4% gain, but that's also the lowest gain in 5 months.
"The increase in real, or inflation-adjusted, home prices in the last three years shows that demand is rising", Blitzer saud.
Secondary tech hubs like Seattle, Portland and Dallas reported the highest annual gains among the 20 metropolitan areas measured by the index.
Blitzer added that "conditions appear favorable for avoiding a crash", although he theorized that "any increase in mortgage interest rates would dampen demand".
The National Association of Realtors reported last week that the inventory of existing homes available for sale rose in May by 2.1 percent to 1.96 million from the previous month. Low mortgage rates are also encouraging more Americans to buy homes. That annual growth rate was a step back from a 4.4 percent increase in March.
From March single family home prices in the Chicago area rose by 1.0%, which I should remind you is largely a seasonal effect. The real price of homes remains almost 34 percent lower than the last market peak in the summer of 2006 and is also running about 10 percent lower than the real prices in 2000. They can't. Rather, will home-price gains gently slow, or will they crash and take the economy down with them?
Trump suggests he was trying to keep FBI director honest
Mark Warner of Virginia, top Democrat on the Senate intelligence committee, said , "This administration never ceases to amaze me". The president's tweets on Thursday left open the possibility that the conversations may have been taped without his knowledge.
Max Verstappen retained the top spot in Friday evening's practice, despite crashing in the final minute of the session. The victory lifted him to fourth in the standings on 92 points, behind Vettel on 153 and Hamilton on 139.
Those phrases are analysed by a neural network, which is able to detect certain characteristics of a person's voice. To activate multiple users, first make sure that you have the latest Google Home app for iOS or Android.
Vitoria Setubal, where Felix Mourinho played and later worked as coach and club director, said he died Sunday. As Goal reported, the Portugal worldwide former club Belenenses confirmed his death on their Twitter account.
Aguero seemed to have fallen out of favour at City and Gabriel Jesus appears to be Pep's preferred man up front. Aguero scored 33 goals in all competitions while Sanchez bagged 30 - though netted more in the Premier League.
Russian metals giant Evraz said its IT systems had been affected too, Russia's RIA news agency reported. According to Group-IB, the ransomware spreads through local networks just like the WannaCry virus did.
Am I cool yet? Gibb's performance came a year after making a guest appearance as part of Coldplay's 2016 headline set . Chic's Nile Rodgers said he had been in the United Kingdom for 10 days and that it had been "inspirational".
Oron Shaul, Hadar Goldin and Avraham Mengistu. "They are playing a very unsafe game", warned Hamas spokesman Fauzi Barhoum. Israel responded with aircraft and artillery fire, targeting Hamas positions in northern Gaza .
Some, like strikers Sandro Wagner and Lars Stindl, have had to wait until their late 20s to get a chance in the senior squad. Against Germany we let one through in the first five minutes - not ideal but at least slightly less embarrassing.
Well it didn't quite work out like that, did it? "And that politics that got out of the box isn't going back into the box". He told a headliner-sized crowd that millions of young people who voted for him would not be silenced or sidelined.
House Democratic leaders are taking some comfort in coming in a close second for a seat that's always been firmly in GOP hands. Instead, he said Democrats need to focus on developing a message that wins over voters in Republican-leaning districts.
Cosby alternate juror: I 'probably' would have convicted him
The judge declined to do so while the trial was going on, but indicated he would consider releasing the names after the trial. It has also been reported that the prosecution may bring up Constand's sexuality in their second attempt at convicting Cosby.
Thousands of mourners bid farewell to Warmbier
Security Council resolutions and push for dialogue and negotiation, which has always been China's position on the issue. Wilson co-authored the bill, dubbed the North Korea Travel Control Act, along with Congressman Adam Schiff.
NBA draft draws second-largest audience on ESPN
No. 4 pick Josh Jackson and the Phoenix Suns will open against No. 5 pick De'Aaron Fox and the Sacramento Kings at 7:30 p.m. Winners will take into account, players, teams, and anything or anyone who benefited from the draft and the draft hype.
Vivo retains IPL title sponsorship for next five years
For the renewed contract, VIVO beat another mobile manufacturer Oppo , which had reportedly bid Rs 1,430 crore. VIVO bagged the rights for IPL 2018 to 2022 by making an increase of nearly 554% from their previous contract.