Michael Isaacs

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Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

April 30, 2020 by Michael Isaacs

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Market Conditions, Market Trends

NAHB: Home Builder Confidence Near 1999 High

February 20, 2020 by Michael Isaacs

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive.

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Filed Under: Market Outlook Tagged With: Market Conditions, Market Trends, NAHB

FOMC Statement: Key Fed Rate Unchanged; Policymakers Monitor Impact of Asian Flu Outbreak

January 31, 2020 by Michael Isaacs

The Federal Open Market Committee of the Federal Reserve issued its scheduled post-meeting statement Wednesday. Policymakers unanimously decided to leave the target federal funds rate range unchanged at 1.50 to 1.75 percent.

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Filed Under: Market Outlook Tagged With: FOMC, Market Conditions, Market Outlook

Case-Shiller Reports Growth In Home Prices In November

January 29, 2020 by Michael Isaacs

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Market Conditions, Market Trends

FOMC Statement: Fed Holds Steady On Its Interest Rate Range

December 11, 2019 by Michael Isaacs

The Federal Open Market Committee of the Federal Reserve announced its unanimous decision not to change to the current target federal funds range of 1.50 to 1.75 percent. The committee's customary post-meeting statement said the decision not to change the Fed's target range for federal funds was based on factors including a strong labor market, moderate economic growth, continued job growth, and low unemployment.

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Filed Under: Market Outlook Tagged With: FOMC, Market Outlook, Market Trends

Case-Shiller: July Home Price Growth Hits Lowest Pace in 12 Years

September 26, 2019 by Michael Isaacs

Case-Shiller's National Home Price Index reported U.S. home prices grew by 3.20 percent year-over-year in July; as compared to year-over-year home price growth 0f 3.00 percent posted in June. Cities with the highest rates of year-over-year home price growth were Phoenix, Arizona with 5.80 percent year-over-year home price growth. Las Vegas, Nevada had 4.70 percent year-over-year home price appreciation and Charlotte, North Caroline bumped Tampa, Florida from the top three cities with home price appreciation of 4.60 percent. Tampa, Florida posted 4.50 percent year-over-year home price growth in July.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Market Outlook, Market Trends

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Michael Isaacs

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NMLS #26591 • AZ License #BK-0904162
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