St Casimirs Mortgage Minute

Housing Reports Positive at Year's End
Reports of home sales and prices released in the previous two weeks were positive:

• New Home Sales Rise. Sales of new homes rose 11.9 percent in November to a seasonally adjusted annual rate of 490,000 units. November’s figure was 9.1 percent above a year prior, and the median new home price for the month was $305,000. Read more.

Home Price Growth Accelerates. Home prices in 20 major metro areas were up 0.1 percent in October, according to the Standard & Poor’s/Case-Shiller Home Price Index. Home prices in the Case-Shiller 20-city composite were up 5.5 percent year-on-year, up from a 5.4 percent yearly growth rate in September---

ABA Daily Newsbytes