July 13, 2024

Housing Market

A recent report showed building permits increased two months in a row, and home prices showed gains in both the Case-Shiller and FHFA indexes. 

San Diego home for saleMost encouraging of all, Initial Unemployment Claims for the week dropped by 10,000 to 316,000. Plus, even better, Continuing Claims declined 91,000, to 2.78 million, a new low for the recovery.

On the other side of the coin were the facts that Monthly Pending Home Sales, Consumer Confidence, and Durable Goods Orders reports were all down.

Housing Market