So much so that home prices across the nation are rising at their fastest pace in more than six years. The latest data from s pcase schiller shows prices in 20 u. S. Cities in November Rose 5. 5 from a year ago. It was also the tenth month in a row that prices have increased, the longest stretch of gains since before the Financial Market started to crumble. Suzanne pratt takes a look at whether the housing recovery will continue. Reporter Mortgage Broker gary leib is taking a lot of calls these days even though the spring selling season is still a few months away. We are busy. Im busy with both refinances and purchases, always helping people to save money or get into a home with a really good Interest Rate. Reporter the activity in liebs office is a direct result of whats happening in the Nations Housing market people are buying and selling homes again. As a result, home prices are also moving higher. In 19 of the 20 major markets that s pcase shiller tracks, prices in november were up
A more normal Housing Market with home prices moving up faster than inflation. To be sure, challenges still remain, including ongoing foreclosures and the accessibility of mortgages. And there is also some concern about the recent rise in Mortgage Rates. The 30yearfixed is currently 3. 42 . Thats up slightly from 3. 31 in november, the lowest rate on record. If rates do edge up more than a quarter and start getting back into the fours and fives, i think its going to cause. Have many negative effects on the economy. Reporter however, if Mortgage Rates only move up slightly, thats likely to bring more buyers into the market. Thats because many people have been waiting on the sidelines for a signal the Housing Market has bottomed. Suzanne pratt, n. B. R. , new york. Tom as home prices have risen, so have the stock prices of many Home Builders, with the stock prices more vulnerable than the Housing Market. The yellow line, the yearoveryear changes in home prices. The blue line, the Home Bu
A more normal Housing Market with home prices moving up faster than inflation. To be sure, challenges still remain, including ongoing foreclosures and the accessibility of mortgages. And there is also some concern about the recent rise in Mortgage Rates. The 30yearfixed is currently 3. 42 . Thats up slightly from 3. 31 in november, the lowest rate on record. If rates do edge up more than a quarter and start getting back into the fours and fives, i think its going to cause. Have many negative effects on the economy. Reporter however, if Mortgage Rates only move up slightly, thats likely to bring more buyers into the market. Thats because many people have been waiting on the sidelines for a signal the Housing Market has bottomed. Suzanne pratt, n. B. R. , new york. Tom as home prices have risen, so have the stock prices of many Home Builders, with the stock prices more vulnerable than the Housing Market. The yellow line, the yearoveryear changes in home prices. The blue line, the Home Bu
Trip to the council highlighted in the dark details from college and you are president ial affairs correspondent. The government is considering closing elementary middle and high schools for short vacations during the tours of weeks. In addition the government said that his counts will be given for trains and launching an air restaurants and traditional markets will be a few bonuses would be handed out to workers. Many are focusing on the developments in Domestic Tourism which is being worked on by the and the government. This weeks been a hectic one for Unification Ministry for spotting on sunday with breaking news and connections from the Unification Ministry its because of re unions for separated families. On monday north korea proposed holding a working level talks with itself to discuss resuming belonged to spend every few hints for families divided by the korean war the talks were held on the fifth. The two koreas decided to hold the reunions of separated families from every twen
Captioning sponsored by wpbt this is n. B. R. Tom good evening, everyone. Im tom hudson. Home prices continue to climb, marking their best gains since the recession began five years ago. Susie im susie gharib. Good evening. Amazon shares surge to new heights after hours despite an earnings miss for the Online Retail giant. Tom and ford motor is firing on all cylinders. As strong u. S. Sales help offset weakness in europe, we look at whats next for the u. S. Auto maker. Susie that and more tonight on n. B. R. Tom the u. S. Housing market is building an Even Stronger foundation. So much so that home prices across the nation are rising at their fastest pace in more than six years. The latest data from s pcase schiller shows prices in 20 u. S. Cities in November Rose 5. 5 from a year ago. It was also the tenth month in a row that prices have increased, the longest stretch of gains since before the Financial Market started to crumble. Suzanne pratt takes a look at whether the housing recove