Envision Funding

We Close Loans Fast!

  • Home
  • About
    • About Us
    • Privacy Policy
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
    • Debt Solutions
  • Applications
    • Business Funding Full Application
    • Broker Registration
    • Real Estate Lending Quick Application
  • Loan Programs
    • Business Loans
    • Commercial Loans
  • Contact
Block
Envision Funding Solutions
Located in Georgia
Schedule a Consultation
home-green
Interested in Purchasing a Home?
Fill out this form and we'll be in touch
checklist_2-green
Interested in Refinancing?
Fill out this form and we'll be in touch
questions?
Get a Rate Quote
Want a quick quote? Fill out this form
Apply Now
Business Funding Full Application
Ready to get started? Click here!

Case-Shiller: Home Price Growth Grinds to Lowest Rate in 2 Years

January 2, 2019 by Regine Lane

Case-Shiller: Home Price Growth Grinds to Lowest Rate in 2 YearsHome prices rose by 0.40 percent in October according to Case-Shiller’s 20-City Home Price Index and were unchanged from September’s year-over-year reading of 5.50 percent growth.

Slower growth in home prices could help some would-be home buyers enter the market, but rapidly rising mortgage rates have sidelined buyers concerned with affordability and meeting strict mortgage lending requirements.

High Mortgage Rates Stifle Demand for Homes

October’s year-over-year reading for home price growth was the lowest in two years, but home price growth continued to exceed wage increases; builders continued to face labor shortages and higher materials costs. Rising mortgage rates were a major cause of lower demand for homes as the average rate for a 30-year fixed rate mortgage increased from les than 3.50 percent at the beginning of 2017 to a high point of 4.94 percent in September.

Mortgage rates have fallen in recent weeks but remain more than one percent higher than they were two years ago. Recent volatility in financial markets and concerns over general economic conditions also contributed to a lower pace of home price growth.

Las Vegas Leads Cities with Highest Home Price Growth

The top three cities in October’s Case-Shiller 20-City index were Las Vegas, Nevada with year-over-year hone price growth of 12.80 percent; San Francisco, California’s home prices rose by 7.90 percent year-over-year and Phoenix, Arizona home prices rose by 7.70 percent year-over-year. 

October’s home price growth rates suggest that West Coast cities such as San Francisco, and Seattle, Washington may be losing their domination over double-digit home price growth rates they’ve enjoyed in recent years. Slower rates of home price growth could indicate that home prices have topped out in costly metro areas.

David M. Blitzer, managing director and chair of S&P Dow Jones Index Committee, echoed analyst’s concerns: “Rising home prices and mortgage rates mean fewer people can afford to buy a house.” The Fed’s recent decision to raise its key interest rate range for the third time in 2018 concerned some economists, but the Fed said that its Federal Open Market Committee predicts that it will raise rates only twice next year based on current and expected economic conditions in 2019.

Banks and credit-card companies typically follow the Fed’s interest rate decisions; this means that rates for consumer lending including mortgages are likely to increase in 2019.

Filed Under: Financial Reports Tagged With: Case-Shiller, Home Prices, Interest Rates

  • « Previous Page
  • 1
  • …
  • 1575
  • 1576
  • 1577
  • 1578
  • 1579
  • …
  • 1642
  • Next Page »

Contact Regine


PRESIDENT
Envision Funding
Private Money Lender
 Phone Office: 844-881-2206
Cell: 678-719-9669

Connect with Us!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Browse Articles by Category

The Latest Articles

  • Eco-Friendly Mortgages To Finance Green Homes
  • Why Your Mortgage Has an Escrow Account and How It Works for You
  • Creative Ways to Finance a Home Renovation with Your Mortgage
  • The Rise of Mortgage Payment Protection Insurance
nmlsconsumeraccess.org
Equal Housing Lender

Envision Funding Solutions, Real Estate Loans, Kennesaw, GA

Our Location

Envision Funding Solutions LLC
3104 Creekside Village Dr, Ste 507 Kennesaw, GA 30144

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in