The KUIK Morning Market Report for Tuesday, November 28:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
70
points
23,650
7:14 AM
S&P500
Up
0.2%
percent
2,607
1.74
Nasdaq Composite
Up
0.1%
percent
6,885
5.24
30 Year Treasury
Up
1
Basis Points
2.77
Annual Yield
Marketwatch reports the S&P/Case-Shiller national index of house prices rose a seasonally adjusted 0.7% during the three months that ended in September, and is up 6.2% compared to the same period a year ago. The 20-city index rose a seasonally adjusted 0.5% for the month and 6.2% for the year. Case-Shiller’s national index regained its previous, bubble-era peak last year and is 5.9% higher as of September. But the 20-city index, skewed toward the metro areas that experienced the biggest booms, is still 1.5% shy of its 2006 high. An analysis by Trulia fhows that only 38% of U.S. homes have recovered their pre-recession peaks.
Strong price gains were also seen in the Federal Housing Finance Agency’s house price index, released today. Nationally, prices were up 6.5% from the third quarter of 2016 to the third quarter of 2017. Seattle led for the year up 12.9%, but was off -0.3% for September. Portland was up 7.3% for the year and up 0.2% for the month.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
