The Ups and Downs of Home Prices

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 6, 2019 840 Views Share Save Previous: When Does a Condo Owner’s Lien Liability End? Next: Impact of the Economy on Default Risks Sign up for DS News Daily Home prices across the country in the first half of 2019, grew at their slowest pace since 2011, according to an analysis of CoreLogic’s Home Price Index (HPI).The analysis indicated that homes could get more affordable especially in the lowest-tier. While home prices rose 3.4% year-over-year in June, the first-half 2019 home price increase was 2.9%. CoreLogic then analyzed four home-price tiers to determine what kind of housing had seen the most slowdown in home prices in the first six months of 2019.It found that the while all the four price tiers saw a slowing in price appreciation ranging between 2.2 to 3.4 percentage points compared with a year ago, the lowest price tier homes saw the largest slowdown. This, despite the lowest price tier increasing 5.5% year over year in June 2019, compared with 4.5% for the low- to middle-price tier, 3.8% for the middle- to moderate-price tier, and 2.8% for the high-price tier.”The overall HPI has increased on a year-over-year basis every month for seven years (since February 2012) and has gained 61.4% since hitting bottom in March 2011,” Molly Boesel, Principal, Economist, Office of the Chief Economist at CoreLogic wrote on the company’s blog. “As of June 2019, the overall HPI was 8.5% higher than its pre-crisis peak in April 2006. Adjusted for inflation, U.S. home prices increased 2.7% year over year in June 2019 and were 11.4% below their peak.”Looking at the states where home price appreciation was the highest, the analysis found that Idaho led the pack. In fact, this Midwest state has been leading home price appreciation for nine straight months and had an annual appreciation of 9.9% this June.”Prices in 40 states (including the District of Columbia) have risen above their nominal pre-crisis peaks. Of the seven states that had larger peak-to-trough declines than the national average, California, Idaho, and Michigan have surpassed their nominal pre-crisis peaks as of June 2019,” Boesel said.The only three states to show a decline in home price appreciation were South Dakota, which saw a depreciation of 4.7% followed by Connecticut (0.4%) and Delaware (0.2%). Related Articles About Author: Radhika Ojha Tagged with: Affordability Cities CoreLogic Home Prices Homes HOUSING HPI price-tiers states  Print This Post The Ups and Downs of Home Prices Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Ups and Downs of Home Pricescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Affordability Cities CoreLogic Home Prices Homes HOUSING HPI price-tiers states 2019-08-06 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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Angels’ deal for Joc Pederson and Ross Stripling reportedly falls through

first_imgIn the big picture, the Dodgers still need to reduce some salary if they are to stay under the luxury tax threshold after taking on the salaries of Betts and Price. Pederson is set to make $7.75 million after losing his arbitration case, and Stripling will make $2.1 million. That’s nearly $10 million for players the Dodgers no longer need.They have no apparent place for Pederson to play with an outfield of Betts, Cody Bellinger and A.J. Pollock. Chris Taylor and Kiké Hernandez, who can both play the infield as well, also crowd their outfield. Stripling had become more of a swingman than a starter in the Dodgers’ stacked rotation.While that all pointed to the deal still making sense for the Dodgers, there was one theory floated that Angels owner Arte Moreno was frustrated by the delay and pulled out of the deal.Related Articles Jose Suarez’s rocky start sinks Angels in loss to Astros Angels’ Shohei Ohtani spending downtime working in outfield Newsroom GuidelinesNews TipsContact UsReport an Error After the stunning reversal, the Angels were back to where things stood a week ago, with Brian Goodwin as their right fielder until highly regarded prospect Jo Adell is ready.Their rotation depth chart still includes Dylan Bundy, Griffin Canning, Andrew Heaney, Shohei Ohtani and Julio Teheran, with a secondary group including Jaime Barría, Dillon Peters, Felix Peña, Patrick Sandoval and José Suarez. Angels’ Mike Trout working on his defense, thanks to Twitter center_img The Angels had been set to trade infielder Luís Rengifo, who now has no apparent spot with the addition of Anthony Rendon to the infield. They were also reportedly going to acquire outfield prospect Andy Pages from the Dodgers. At least one other prospect was expected to go to the Dodgers in the reported agreement. Angels offense breaks out to split doubleheader with Astros Angels’ poor pitching spoils an Albert Pujols milestone After the Angels waited for days on the drama surrounding the Dodgers’ pursuit of Mookie Betts, the deal they believed they had struck might not be happening at all.The Angels had reportedly agreed to get slugging outfielder Joc Pederson and starter Ross Stripling from the Dodgers after both players were rendered surplus once the Dodgers got Betts and David Price from the Boston Red Sox.However, amid reports of the Dodgers getting Betts and Price in a reconfigured deal on Sunday, there were multiple reports that the Dodgers were no longer trading Pederson and Stripling to the Angels.As of Sunday night, it was unclear whether the deal was dead entirely, or just in need of changes in light of the altered Betts deal.last_img read more

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