Reported 11 months ago
This week's housing data schedule includes the Case-Shiller National Home Price Index, Mortgage Applications, New Home Sales, and Pending Home Sales reports. The data reveals improving home buying conditions, easing inventory crunch, moderating home price growth, and lower mortgage rates, possibly leading to an interest rate cut. Home prices are still rising but at a slower pace, while construction activity for new homes slowed down due to higher interest rates. The housing market's recovery in home sales has been delayed, and new home sales data is awaited this Wednesday.
Source: YAHOO