LPS: December home prices rose 5.8% annually

Home prices in the U.S. edged up 5.8% year-over-year in December as the average home price rose to $207,000, Lender Processing Services said in its latest Home Price Index.

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For existing homes, the median price was up by a modest 2.9% to US$253,600 in December 2018 from a year earlier, according to the National Association of Realtors (NAR). December’s price increase marks the 82nd consecutive month of year-over-year gains.

supported a rise in first home buyer buying. importantly, there are early signs that the stimulatory impacts of the stamp duty concessions in New South Wales and Victoria may be waning, as higher demand from first home buyers has supported stronger market conditions across lower price points, alleviating the benefits of stamp duty concessions.

Home resales shot to their highest level in a year and a half in January. The number of people working in residential remodeling rose 5.8% in December, according to Bureau of Labor Statistics data.

Home prices in Louisiana, Nebraska and Texas surpassed their all-time highs in January, even including distressed sales. Home prices rose 0.9% month-over-month from December. 5.8%. CoreLogic.

Treasury securities also rose, sending the yield on the benchmark 10-year note down to 2.95 percent from 2.97 percent late yesterday. The 15-point decrease is the consumer expectations index’s biggest.

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“The equity build-up has been supported by home-price growth and paydown of principal.” “The CoreLogic Home Price Index for the U.S. rose 6.3% over the year ending December 2016. was slower in.

Home prices rose at a nice clip in 2016 as buyers, encouraged by job growth and exceptionally low mortgage rates, competed for slim pickings. prices increased 5.8% nationally. sale fell throughout.

compared with 5.8% in 2016, according to Clear Capital, a provider of real estate data and analysis. Jobs fueled demand from millennials and Generation Xers, who competed for a dearth of starter and.

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Sales flattened as housing supply rose 3.1%, the smallest year-over-year increase in 7 months. U.S. home-sale prices edged up in April, growing 2.8 percent from a year ago, to a median of $307,600 across the metros Redfin tracks.

Elsewhere, prices rose. In Los Angeles County, the median climbed 5.8% to $600,000. single-family homes, the median price fell 0.7% from a year earlier in Orange County and 0.8% in Ventura County..

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The CoreLogic home. price rises in Melbourne (11.8%) and Sydney (16%). Since June 2012, the cumulative increase in house prices has been 70.5%, according to the report. Prices in Hobart rose 1.4%.