| The KUIK Market Update for Tuesday, May 26: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (181) | points | 18,051 | 8:02 AM | ||
| S&P500 | Down | -1.0% | percent | 2,105 | (21.41) | ||
| Nasdaq Composite | Down | -1.2% | percent | 5,029 | (60.11) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.94 | Annual Yield | ||
| The S&P/Case-Shiller 20-city composite showed a 0.9% monthly gain for March and a 5% year-on-year gain. San Francisco led, up 3% for the month and 10.3% year-on-year. Portland was up 1.1% for the month and 6.9% year-on-year. That was slightly behind Seattle at 2.3% and 7.5%. | |||||||
| The Federal Housing Finance Agency today put out statewide home value data. Colorado led up 11.2% for the year and 5.2% for the quarter. Oregon was number 10 at 6.4% for the year and 1.4% for the quarter. Washington was number 4 at 7.6% and 2.1%. Maryland and West Virginia were negative. | |||||||
| The Commerce Department reports Sales of new single-family homes climbed 6.8% in April to an annual rate of 517,000. Economists expected a 490,000 rate. Home buying had dropped in March after poor weather early in the month. The rebound was strongest in the Midwest, where sales jumped 36.8%. The number of homes sold there was the highest since April 2008. Sales also rose 5.8% in the South and fell slightly in the West and Northeast. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/city-by-city-look-at-house-prices-as-san-francisco-surges-again-2015-05-26 | |||||||
| http://www.marketwatch.com/story/west-virginia-sees-largest-drop-in-home-prices-over-last-year-2015-05-26 | |||||||
| http://www.marketwatch.com/story/new-home-sales-off-to-strongest-start-in-seven-years-2015-05-26?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||