The latest data from Fiserv Case Shiller shows that national home prices are expected to grow at an annualized rate of 3.2 percent between 2011 and the second quarter of 2016.
Calculated Risk reported that the October CoreLogic Home Price Index (HPI) showed that home prices in the U.S. decreased 1.3 percent on a month-0ver-month basis for the third consecutive month.
Financial services company Raymond James has upgraded some of the nation’s largest home builders to outperform from market perform, which essentially tells investors to buy shares of the company.
The Atlantic Cities reported that the Census Bureau showed that only 11.6 percent of Americans moved to a new residence between spring 2010 and spring 2011.