Posted To: Pipeline Press
Do legal settlements between the government and lenders really do anything to expand credit to deserving home buyers needing to borrow money? I don’t think so… Yesterday the commentary looked at trends in New Home Sales . I think it is important to look at trends rather than individual numbers - to keep things in context and step back to gain some sense of the direction. Today let's look at another number that came out this week: the S&P/Case-Shiller index , made up of specific indices which measure prices in several different geographic areas. "Their purpose is to measure the average change in home prices in a particular geographic market. They are calculated monthly and cover 20 major metropolitan areas (Metropolitan Statistical Areas or MSAs), which are also aggregated to...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1UjhTqP
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