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Home Prices and Interest Rates

The FED interest rate hike and the Case-Shiller January results. The Fed increased the federal funds rate from 1.5% to 1.75% on 3/21/2018. This is the highest level since 2008 and most economists are predicting two more rate increases this year. These increases...

Case-Shiller Results for 2017

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index (for all nine US Census Divisions), was up 6.3% year over year for the end of 2017. The 10-City and 20-City Composites were also up, 6.0% and 6.3% respectively, year over year.  See the full press...

Housing Inventory and Building Starts

Housing starts were up 7.3% (annualized rate of 1,326,000 units) and building permits were up 7.4% (annualized rate of 1,396,000).  The growth in permits was the highest since 2007.  (Source:  Census Bureau and HUD) While these numbers are very positive for housing,...

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DISCLAIMER

The Newport Beach Home Price Index (NBHPI), Newport Coast Home Price Index (NCHPI), and the Balboa Island Price Index (BIPI) each represent compilations of sales activity based in whole or in part on data compiled from the CRMLS multiple listing service, and includes properties sold by other brokerages. The accuracy of the information on this website is deemed reliable, but is not guaranteed by Girling REIG or the CRMLS. Any individual or entity intending to rely on this information should seek verification and verify the accuracy through personal investigation or investigation by appropriate professionals. All information and materials are provided "as is" without any warranty of any kind, either expressed or implied.