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Tag Archives: Investors

August Case-Shiller Indices Rise at Fastest Rate Since February 2006

The S&P/Case-Shiller Home Price Indices rose once again in August at their fastest annual rate in more than six and a half years, but the monthly pace continues to slow. The Case-Shiller 10- and 20-city composites each posted yearly growth of 12.8 percent over August 2012, breaking July records and setting the fastest pace for growth since February 2006. Compared to July's indices, annual growth accelerated in 14 of the tracked cities. Monthly numbers were slower, with both composites seeing a 1.3 percent increase.

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Investors Continue Flocking Toward Ripening Markets

Single-family homes, condominiums, and townhomes sold at an annualized rate of 5.7 million in September, according to numbers from RealtyTrac. September's figures were up 2 percent month-over-month and 14 percent year-over-year, with investors making the biggest impact, particularly in markets where prices have yet to cross the $200,000 mark. "The housing market continues to skew in favor of investors, particularly deep-pocketed institutional investors, and other buyers paying with cash," said Daren Blomquist, vice president at RealtyTrac.

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MBA President Calls for Transparency, Collaboration in Washington

Mortgage Bankers Association (MBA) president and CEO David Stevens took the stage at the group's 100th Annual Convention and Expo Monday morning, reflecting on the last century in housing and shining a spotlight on today's challenges. While he notes that the government's response to the economic crisis has seen its share of successes, he also says Washington needs to recognize and take responsibility for the shortcomings of its policies, a step he believes policymakers have been reluctant to take.

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September Pending Home Sales Indicate Flat Fourth Quarter

The National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) for September indicates home sales will stumble in the year's final quarter as buyers struggle with declining home affordability. "This tells us to expect lower home sales for the fourth quarter, with a flat trend going into 2014. Even so, ongoing inventory shortages will continue to lift home prices, though at a slower single-digit growth rate next year," said NAR chief economist Lawrence Yun.

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