July Case-Shiller Home Price Index

Home prices in the Case-Shiller 20-City Composite increased 1.6% from June to July. This is the third consecutive month that all 20 cities recorded increases. Year-over-year the 20-city composite index is up 1.2% and 16 of the 20 cities have seen yearly increases.

The S&P/Case-Shiller Home Price Indices are published on the last Tuesday of each month at 9:00 am ET. They are constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided.

About the Author

Shawn Kaplan is an active, 50 state Licensed loan officer with Access National Mortgage. Email Shawn at skaplan@accessnational.com or call 615-426-3182.

Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!

August State-by-State Unemployment

Unemployment rates for August increased in 26 states, decreased in 12 states, and 12 states remained the same from July. Year-over-year 42 states and the District of Columbia posted unemployment rate decreases. From July, the national unemployment rate dropped to 8.1%, and was 1.0% lower than August 2011.

Because Housing and Jobs are so closely related, it is important to watch for changing trends in the Unemployment level.

About the Author

Shawn Kaplan is an active, 50 state Licensed loan officer with Access National Mortgage. Email Shawn at skaplan@accessnational.com or call 615-426-3182.

Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!