twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Real Estate News | Real Estate Statistics
Residential real estate news and coverage of how residential real estate impacts the mortgage industry and residential mortgage-backed securities.


Home Prices Indices All Up

Pacific Northwest leads year-over-year rise

Sept. 26, 2017

By SAM GARCIA Mortgage Daily



portrait of Sam Garcia

Led by the Pacific Northwest, the nation's home prices continued to move higher on a year-over-year basis -- with some indices at record highs. On a month-over-month basis, East Coast states led the gain.

At 201.99 during July 2017, the Case-Shiller 20-City Composite Home Price Index was 0.7 percent higher than it was as of the preceding month.

Compared to the same month during the previous year, the widely watched home price index has ascended by 5.8 percent.

The Case-Shiller index, which was reported Tuesday by S&P Dow Jones Indices and CoreLogic Inc., stands just 2 percent shy of its all-time high reached in July 2006. The index is 51 percent above its March 2012 low.

Among the metropolitan areas reflected in the 20-city index, Seattle has seen 13.5 percent appreciation since July 2016 -- the most of any area. Prices in Portland were up 7.6 percent, followed by 7.4 percent in Las Vegas and 7.3 percent in both Dallas and Detroit.

On a seasonally adjusted basis, the Federal Housing Finance Agency's purchase-only HPI was 249.8 as of July 2017, inching up 0.2 percent from a month earlier and 6.3 percent stronger than a year earlier.

FHFA's report indicated that home prices in the Mountain Region and Pacific Region have climbed 8.2 percent from July 2016 -- the most of any region.

The Black Knight HPI report indicated that average U.S. home prices were a record-high $281,000 during July 2017. Values were up 0.5 percent from the prior month and 6.2 percent from a year prior. Since the January 2012 trough, home prices have risen 41 percent.

On a month-over-month basis, prices in New York have appreciated 1.8 percent -- the most of any state. Next was Rhode Island's and Montana's 1.2 percent, then 1.0 percent in Utah and Nevada.

In Virginia, home prices fell 0.2 percent from June, worse than any other state.

CoreLogic Inc. reported earlier this month that July 2017 home prices rose 0.9 percent from June and 6.7 percent from July 2016.

CoreLogic estimates that prices increased another 0.4 percent between July and August. From July 2017 to July 2018, CoreLogic predicts prices will increase 5 percent.


next story

back to current headlines

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

e-mail:
[email protected]


Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders