U.S. home prices rose 0.6 percent in September and 1.5 percent in the third quarter, according to the Federal Housing Finance Agency’s House Price Index released today. Prices were up 6.1 percent from a year earlier, marking eight consecutive year-on-year increases of more than 5 percent. The FHFA’s monthly index is calculated using the prices of houses brought with mortgages backed by Fannie Mae and Freddie Mac.
FHFA and Treasury Department will delete provisions in the preferred stock purchase agreements governing the conservatorships of Fannie Mae and Freddie Mac that were previously suspended after multiple groups raised concerns about their effects on housing markets.
Construction spending in November 2024 was at a seasonally adjusted annual rate of $2.15 trillion, virtually unchanged from the revised October estimate. The November figure was 3% above the estimate from a year before.
Federal agencies have changed their supervisory practices regarding liquidity risk management since the failure of Silicon Valley Bank, but only regulation can provide the public confidence needed to guard against future bank runs, outgoing Acting Comptroller of the...
Home prices increased 3.6% in October 2024 compared to the same month a year ago, down from a 3.9% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.
Pending home sales increased 2.2% in November 2024 from the prior month, the National Association of Realtors said.
DOJ’s filing asked the high court to narrow the “district court’s vastly overbroad injunction.”
