July’s data for the S&P/Case-Shiller Home Price Indices showed continued improvement in the housing market. The 10-City Composite was up 1.5% and 20-City Composites was up 1.6% in July over June, making it the fourth consecutive monthly increase in both indices. The 10- and 20-City Composites posted annual returns of +0.6% and +1.2% in July [...]
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Housing Bulls
If upbeat comments and optimistic forecasts are a sign of a housing upturn, the upturn is just about here. The Federal Reserve’s Beige Book – the Fed’s survey of the economy published before each meeting of the FOMC, the Fed’s policy group, was released on Wednesday October 10th. The summary comments, “Residential real estate showed [...]