While indices show how quickly prices rise and fall, many people prefer to gauge prices in dollars and compare current prices across different cities. The chart shows the price ranges that represent the middle third of the market for 17 of the S&P/Case-Shiller Home Price Indices cities. The tiered indices divide each market into the [...]
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U.S. pending home sales rose in all Regions in May, posting the first annual gain since April 2010
U.S. pending home sales reversed course in May and increased 8.2% on a seasonally adjusted basis following an 11.3% decline in April, the National Association of Realtors reported on June 29. This increase also follows May’s 3.8% decline in existing home sales and 2.1% decline in new home sales, which were reported last week. The [...]