Institutional Real Estate News

Home Price Index Hits 31-Month High
The beginning of the year was a record-setting time for home prices. According to the latest S&P CoreLogic Case-Shiller Home Price NSA Index released Tuesday, home prices were at a 31-month high in January 2017, up 5.9 percent year-over-year. Over the month, they were up 5.7 percent.

U.S. housing stocks may rally as millennials age: Smead
Stocks of large U.S. home builders and building materials companies are poised to rise as millennials age and need housing, according to Bill Smead, the chief executive of Smead Capital Management.

Falling inventory forces homebuyers to move at fastest pace ever
Housing inventory fell 8.9% from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition.

Pending home sales tumble as supply crisis worsens
Fewer buyers signed contracts to buy existing homes in May, likely because they can't find or afford what they want.

Central Banks Roil Markets as Stocks, Euro Jump: Markets Wrap
Central banks set the tone on global financial markets Wednesday, with the latest comments from policy officials sparking a risk-on mood that lifted assets from the pound to U.S. stocks.