Case Shiller 2 Factors Needed To Keep Home Prices Strong

Dated: April 29 2014

Views: 343

The 10-city and 20-city composites posted returns of 13.1% and 12.9%, respectively, in the twelve months ending February 2014, the latest S&P/Case-Shiller Home Price Indices report said.

“Going forward, if home prices continue to rise, there are a limited number of options to offset the rising cost of purchasing a home: 1) an equally sizable increase in wages or 2) a marked reduction in credit restrictions," Lindsey Piegza, chief economist with Sterne Agee, said.

“Given the significant slack in the labor market, the latter option of easing lending standards appears to be the most probable and fast-acting solution,” Piegza continued. 
Meanwhile, the 10-city and 20-city composites remained relatively unchanged month-over-month. Read More Here...
Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

6 Projects To Banish Boredom From Your Yard

We're all about indulging in Starbucks' latest seasonal concoction or this season's "it" bag. (OK, maybe a knockoff version of this season's "it" bag.) Trends are just plain fun — and they keep

Read More

How To Renovate Tight Living Quarters Without Cutting Corners

If you live in a small space, you’re used to having to come up with clever solutions to maximize your home’s potential. So whether you’re looking to renovate a studio apartment or small house,

Read More

Are You Making One Of These 7 Landscaping Mistakes

You can just picture it: a pretty cottage garden overflowing your front yard, with tons of heavy, scented blooms.Well, at least you can picture it with your eyes closed. With your eyes open all you

Read More

Fannie And Freddie Set Dates For Their New Refi Option

The Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. But on Wednesday, both Fannie Mae and

Read More