Latest news with #Case-ShillerNationalHomePriceIndex
Yahoo
27-05-2025
- Business
- Yahoo
Home prices are still rising, but at a slower rate: What to know
Home prices are still rising but at a slower pace, with March showing a 3.4% annual gain and a rare monthly decline, according to S&P Corelogic Case-Shiller. Yahoo Finance Senior Reporter Claire Boston joins Wealth to break down what the latest Case-Shiller data means for buyers heading into the summer season. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Home prices are at historic highs and the latest read from the S&P Case-Shiller National Home Price Index shows that potential buyers have had a tough road ahead here. Here to break down the report, we've got Yahoo Finance senior housing reporter Claire Boston. Claire, what is the latest movement on home prices right now? Hi Brad. So in March, we saw a 3.4% annual gain nationally, compared to a year earlier. And that is actually down a little bit from a 4% gain in February. So we're still seeing that home prices are still rising, but that rate of growth is slowing a little bit. And this 3.4% number was a little bit of a bigger deceleration than economists were expecting. One other thing I'm looking at right now is that month over month, prices actually fell a little bit, just 0.3% down nationally. But that's another sign here that the market is slowing a bit even though things are still very, very expensive. Do you think this is going to impact the spring and summer home buying season, which I guess we're kind of in the unofficial start of summer as of right now. Yeah, so this data is from March. And so if you remember back in March, we had not yet had that tariff surprise. Um, we do have a little bit more data about what spring home buying is looking like. And a lot of signs point to a pretty slowing market. So potentially, in the months ahead, we may continue to see that deceleration, you know, maybe a little bit even of a price move down month over month. Some more data here. Zillow and Redfin, they both expect home values to decline by about 1% this year. Are buyers better off waiting? You know, it is really hard to tell. Um, you know, something I talk about all the time is how regional the housing market is. Um, and you know, when you're looking at this Case-Shiller data, places like New York, home prices are up 8%. Chicago is up more than close to 6%. Uh, but then you look at a place like Tampa and prices are down. So it really depends on where you are and what your market is doing. And um, you know, it it just it's hard to tell right now. It's a weird market. Claire, thanks so much. Appreciate it. Thank you.
Yahoo
25-02-2025
- Business
- Yahoo
Stock market today: Stocks waver, bitcoin tumbles below $90,000 for first time since November
US stocks wavered on Tuesday, as President Donald Trump's revived tariff threats and potential toughening of China curbs weighed on market optimism and the chances of interest-rate cuts. The tech-heavy Nasdaq Composite (^IXIC) fell around 0.3% on the heels of a tech-led selloff on Monday. The benchmark S&P 500 (^GSPC) hovered around the flatline, while the Dow Jones Industrial Average (^DJI) inched up about 0.4%. The biggest move in markets early Tuesday, however, came from the cryptocurrency markets, where the price of bitcoin (BTC-USD) tumbled below $90,000 for the first time since November. Bitcoin touched a low closer to $86,000 in the early morning hours, its lowest since Nov. 15. The price of ether (ETH-USD), the world's second-largest cryptocurrency, fell as much as 10% to below $2,400 early Tuesday. Crypto-related stocks including Coinbase (COIN) and Strategy (MSTR), were also under pressure early Tuesday. Trump's signal that his trade overhaul isn't over has unsettled markets wondering about the impact on growth prospects. Investors are parsing his brief comment that tariffs on Mexico and Canada will go forward next week. The benchmark 10-year Treasury yield (^TNX) fell to its lowest level this year, toward 4.3%, amid growing belief that tariffs will weaken the US economy. That prompted traders to bump up bets on interest-rate cuts. At the same time, his administration is said to be pursuing tougher chip curbs on China, after Trump issued a directive to limit investments between the US and the top trading partner. AI chip giant Nvidia's (NVDA) stock was in focus with its highly anticipated earnings due Wednesday. The company is already facing headwinds from tariffs and export controls. Elsewhere in earnings, Home Depot's (HD) fourth quarter revenue beat Wall Street's low expectations. Wall Street is also waiting for fresh US consumer confidence data on Tuesday morning, after downbeat readings on consumer sentiment and inflation expectations last week helped spur a sharp drop in stocks. Home prices rose at a faster rate in December than the previous month, providing little relief to potential homebuyers. The S&P Case-Shiller National Home Price Index rose 3.9% from a year earlier in December on a seasonally adjusted basis, higher than November's 3.7% annual increase. The data captures a three-month period through December when mortgage rates remained steady at around 7%, a double whammy for buyers. The national index hit a record high for the 19th consecutive month. On a monthly basis, prices increased 0.5% over the previous month in December, up from the 0.4% November's monthly gain. 'The S&P CoreLogic Case-Shiller Index continues to highlight the upward trend of home prices nationally,' Brian D. Luke, head of commodities at S&P CoreLogic, said in a statement. 'Through this recent market cycle, the ability of Americans to grow wealth by participating in the upside of the US housing market, particularly if done through a leveraged position by securing a mortgage, has proven to be historically beneficial," Luke added. The index tracking home prices in the 20 largest metropolitan areas gained 0.5% in December, higher than Bloomberg consensus estimate of 0.4%. The 20-city index jumped 4.5% compared to last December. Bloomberg reports: Read more here. Chegg Inc. (CHGG) is taking Alphabet Inc. (GOOG) to court, accusing Google's AI Overviews (AIO) product of gutting its web traffic and forcing a strategic business review. Once a go-to for students needing homework help, Chegg claims Google's AI tools are siphoning users away by repurposing its content while keeping them locked within Google's ecosystem. The impact has been brutal - Chegg's stock tumbled 22% in pre-market trading on Tuesday. Bloomberg News reports: Read more here. Home Depot stock edged lower in premarket trading after the home improvement retailer missed Wall Street's earnings estimates. Notably, Home Depot's same-store sales growth turned positive after eight straight quarters of declines. Yahoo Finance's Brooke DiPalma reports: Read more here. Economic data: FHFA house price index (December); S&P CoreLogic CS 20-city (December); Conference Board Consumer Confidence (February); Richmond Fed manufacturing index (February) Earnings: American Tower (AMT), AMC (AMC), Cava (CAVA), First Solar (FSLR), The Home Depot (HD), Instacart (CART), Intuit (INTU), Keurig Dr. Pepper (KDP), Krispy Kreme (DNUT), Lemonade (LMND), Lucid (LCID), Planet Fitness (PLNT), Workday (WDAY) Here are some of the biggest stories you may have missed overnight and early this morning: Why market worries about tariffs may be a 'red herring' Trump team is drawing up tougher chip curbs on China Bitcoin slides below $90,000 as crypto selloff gathers steam Nvidia's H20 orders jump as Chinese firms adopt DeepSeek's AI There's an ugly trend developing in the stock market: Analyst Buffett bet sparks surge in Japan trading house stocks Chegg slumps 23% after suing Alphabet over Google AI impact While Warren Buffett has touted the "American miracle" of US economic growth, it's his backing of Japanese trading firms that's finding a receptive ear. Shares in the likes of Mitsubishi (8058.T, MSBHF) and Marubeni (8002.T, MARUY) jumped in Tokyo on Tuesday after Berkshire Hathaway (BRK-B, BRK-A) revealed plans to bump up its holdings. Mitsui (8031.T, MITSY), Itochu (8001.T, ITOCY) and Sumitomo (8053.T, SSUMY) also booked their strongest gains since last year in light of Buffett's bet. Bloomberg reports: Read more here. Bitcoin sank below $90,000 on Tuesday to reach to its lowest level since November, when Donald Trump's election as president kicked off a rally in cryptocurrencies. But Trump's resumed tariff push is weighing on crypto, just as they have done on tech stocks — with an added drag coming from a stream of confidence-denting headlines. Bloomberg reports: Read more here. Chinese tech stocks whipsawed as mainland investors helped reduce losses caused by concerns over US President Donald Trump's decision to restrict investments between America and China. Bloomberg reports: Home prices rose at a faster rate in December than the previous month, providing little relief to potential homebuyers. The S&P Case-Shiller National Home Price Index rose 3.9% from a year earlier in December on a seasonally adjusted basis, higher than November's 3.7% annual increase. The data captures a three-month period through December when mortgage rates remained steady at around 7%, a double whammy for buyers. The national index hit a record high for the 19th consecutive month. On a monthly basis, prices increased 0.5% over the previous month in December, up from the 0.4% November's monthly gain. 'The S&P CoreLogic Case-Shiller Index continues to highlight the upward trend of home prices nationally,' Brian D. Luke, head of commodities at S&P CoreLogic, said in a statement. 'Through this recent market cycle, the ability of Americans to grow wealth by participating in the upside of the US housing market, particularly if done through a leveraged position by securing a mortgage, has proven to be historically beneficial," Luke added. The index tracking home prices in the 20 largest metropolitan areas gained 0.5% in December, higher than Bloomberg consensus estimate of 0.4%. The 20-city index jumped 4.5% compared to last December. Bloomberg reports: Read more here. Chegg Inc. (CHGG) is taking Alphabet Inc. (GOOG) to court, accusing Google's AI Overviews (AIO) product of gutting its web traffic and forcing a strategic business review. Once a go-to for students needing homework help, Chegg claims Google's AI tools are siphoning users away by repurposing its content while keeping them locked within Google's ecosystem. The impact has been brutal - Chegg's stock tumbled 22% in pre-market trading on Tuesday. Bloomberg News reports: Read more here. Home Depot stock edged lower in premarket trading after the home improvement retailer missed Wall Street's earnings estimates. Notably, Home Depot's same-store sales growth turned positive after eight straight quarters of declines. Yahoo Finance's Brooke DiPalma reports: Read more here. Economic data: FHFA house price index (December); S&P CoreLogic CS 20-city (December); Conference Board Consumer Confidence (February); Richmond Fed manufacturing index (February) Earnings: American Tower (AMT), AMC (AMC), Cava (CAVA), First Solar (FSLR), The Home Depot (HD), Instacart (CART), Intuit (INTU), Keurig Dr. Pepper (KDP), Krispy Kreme (DNUT), Lemonade (LMND), Lucid (LCID), Planet Fitness (PLNT), Workday (WDAY) Here are some of the biggest stories you may have missed overnight and early this morning: Why market worries about tariffs may be a 'red herring' Trump team is drawing up tougher chip curbs on China Bitcoin slides below $90,000 as crypto selloff gathers steam Nvidia's H20 orders jump as Chinese firms adopt DeepSeek's AI There's an ugly trend developing in the stock market: Analyst Buffett bet sparks surge in Japan trading house stocks Chegg slumps 23% after suing Alphabet over Google AI impact While Warren Buffett has touted the "American miracle" of US economic growth, it's his backing of Japanese trading firms that's finding a receptive ear. Shares in the likes of Mitsubishi (8058.T, MSBHF) and Marubeni (8002.T, MARUY) jumped in Tokyo on Tuesday after Berkshire Hathaway (BRK-B, BRK-A) revealed plans to bump up its holdings. Mitsui (8031.T, MITSY), Itochu (8001.T, ITOCY) and Sumitomo (8053.T, SSUMY) also booked their strongest gains since last year in light of Buffett's bet. Bloomberg reports: Read more here. Bitcoin sank below $90,000 on Tuesday to reach to its lowest level since November, when Donald Trump's election as president kicked off a rally in cryptocurrencies. But Trump's resumed tariff push is weighing on crypto, just as they have done on tech stocks — with an added drag coming from a stream of confidence-denting headlines. Bloomberg reports: Read more here. Chinese tech stocks whipsawed as mainland investors helped reduce losses caused by concerns over US President Donald Trump's decision to restrict investments between America and China. Bloomberg reports:
