National home prices have risen for the eighth straight month, with October’s 0.6% rise representing a new all-time high per Case-Shiller. October’s YoY increase of 4.8% was the fastest rate of the year, with appreciation around the country “broad based.” Case-Shiller noted that the report “reflects a rising tide across nearly all markets.
Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Their Chief Economist, Lawrence Yun,
Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. NAR’s Chief Economist, Lawrence Yun, explained that “mortgage rates are meaningfully
Represented as Legacy Mortgage and Investment Corporation in the State Of California.
