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The Week Ahead: An Update on Home Values

shutterstock_200210222-2Next Wednesday, the S&P Corelogic Case-Shiller HPI will be released showing the values of residential real estate and additionally foreshadowing what the market is doing.

The first half of the decade’s rising home prices were a good thing for home equity and therefore allowed consumers to spend because they could pull from their expanding home equity lines of credit (HELOC). However, according to Bloomberg, the slowing of new housing construction has caused consumers to not be able to pull from HELOCs like they used to. Additionally, the decline in home values has impeded homeowners to refinance.

So, what will this months release disclose about home values? Hopefully, that rates are increasing.

The S&P Corelogic Case-Shiller home price index will be released Wednesday at 9 a.m. EST.

 

Other Events in the Week Ahead: 

Zillow, Hidden Costs of Homeownership, Wednesday

Senate Banking Committee Full Executive Session on Nominations, Tuesday 10 a.m. EDT

FHFA Home Price Index, Tuesday 9 a.m. EDT

New Home Sales, Wednesday 10 a.m. EDT

Freddie Mac Weekly Mortgage Survey, Thursday 10 a.m. EDT

 

About Author: Brianna Gilpin

Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation's leading diversified media and information services companies. To contact Gilpin, email brianna.gilpin@thefivestar.com.
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