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Search resuls for: "George Ratiu"


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☆ Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index
  + stars: | 2022-09-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a new report out Tuesday. Home prices in July were still higher than they were a year ago, but cooled significantly from June gains. Prices nationally rose 15.8% over July 2021, well below the 18.1% gain in the previous month, according to the report. "The -2.3% difference between those two monthly rates of gain is the largest deceleration in the history of the index." Home prices are dropping because affordability has weakened dramatically due to fast-rising mortgage rates.
☆ US home prices climbed in July, but showed a 'forceful deceleration'
  + stars: | 2022-09-27 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
But the market showed signs of cooling as rising mortgage rates pushed more prospective buyers to the sidelines. On a monthly basis, prices fell 0.2% from June, the first month-over-month decrease for the national index since February 2012. Tampa notched the biggest gains, with home prices rising 31.8% in July from the year before. Higher mortgage rates cooled demandThe home price reports highlight the cooling effect of rising mortgage rates. As investors see or anticipate rate hikes, they often sell government bonds, which sends yields higher and mortgage rates rise.
☆ US home prices climbed in July, but showed a ‘forceful deceleration’
  + stars: | 2022-09-27 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
But the market showed signs of cooling as rising mortgage rates pushed more prospective buyers to the sidelines. On a monthly basis, prices fell 0.2% from June, the first month-over-month decrease for the national index since February 2012. Tampa notched the biggest gains, with home prices rising 31.8% in July from the year before. Higher mortgage rates cooled demandThe home price reports highlight the cooling effect of rising mortgage rates. As investors see or anticipate rate hikes, they often sell government bonds, which sends yields higher and mortgage rates rise.
☆ Realtor.com's George Ratui breaks down continuous rate hikes' impact on the housing market
  + stars: | 2022-09-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRealtor.com's George Ratui breaks down continuous rate hikes' impact on the housing marketAs the Federal Reserve is expected to raise its benchmark interest rate by 0.75 percent, George Ratiu, senior economist for realtor.com, joins 'The Exchange' to break down how it's impacting the housing market.
☆ Wall Street dodged a rail strike crisis, but there's trouble ahead
  + stars: | 2022-09-16 | by ( Nicole Goodkind | Cnn Business | ) edition.cnn.com   time to read: +7 min
The company is seen as a bellwether for the economy since has insight into shipments across a wide range of industries. Persistent inflation, fears of recession and slowing economic growth have rattled markets across the globe. Now as major central banks institute aggressive rounds of monetary policy tightening to battle inflation, investors fear that they may go too far. S&P 500 INX About half of allcompanies mentioned "recession" during second quarter earnings calls, the highest number since 2010. That's the largest drop for a quarter since the second quarter of 2020 (when Covid-19 sent the United States into recession).
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