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In the United States housing prices tacked on by up to 1.7% in this year’s first quarter. That’s what the housing price index provided by the Federal Housing Finance Agency reported. Housing prices gained by 6.9% in the first quarter of this year in contrast with the first quarter of 2017. As a matter of fact, the seasonally updated monthly index from the FHFA for March rallied by 0.1% from February.
HPI is calculated utilizing data on prices for the sale of housing from mortgages sold or guaranteed by such organizations as Freddie Mac and Fannie Mae.
Home prices keep rising across all US states, although there’re signs of a decline, as some financial analysts told. Since the housing market started recovering in 2012, the jump in house prices turned out to be positive due to the fact demand managed to outstrip supply. However, in the previous month, some regions have shown a slowdown in housing prices.
Home prices ascended in all 50 states as well as in the District of Columbia between the first quarter of the previous year and the first quarter of this year. To be exact, the top five best estimates include: Nevada - 13.7%, Washington - 13.1%, Idaho - 11.1%, Colorado - 10.6% and also Utah with its 9.9%.
Housing prices have gained in each of the 100 largest metropolitan areas in the United States for the last four quarters. Evidently, the annual price increase happened to be the largest in Las Vegas-Henderson-Rye, Nevada, where prices added by 17.1%. Additionally, prices were the weakest in Tulsa, Oklahoma, where they soared by 0.8%.
Meanwhile, of the nine census divisions, the Pacific Division demonstrated the strongest estimate for four quarters, adding 9.5% between the first quarters of 2017 and 2018 as well as a 2.6% leap for the first quarter of this year.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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