Home prices rise for fifth month in a row
NEW YORK (CNNMoney) -- The housing market picked up more momentum in August, as the average home price for 20 major cities jumped 0. 9%, according to the S&P/Case-Shiller home price index The increase marked the fifth consecutive month of gains for the index with all but one city, Seattle, recording month-over-month price increases. "The sustained good news in home prices over the past five months makes us optimistic for continued recovery in the housing market," said David Blitzer, spokesman for S&P. The Case-Shiller report is one of many gauges of housing market health that has turned upbeat in recent months. New and existing home sales have been stronger, inventory of homes for sale has fallen and developers have stepped up building activity. Slow improvement in the national economy has also boosted the housing market, as have record low mortgage rates.
Keywords:
home prices market prices new york price index chief economist national economy financial analyst rates Obama buyers investors sale recent CNNMoney Blitzer ointment three cities optimistic cautious upbeat Realtors purchases Case-Shiller homeowners rent Detroit healthy emotional inventory corner Miami Seattle mortgage regular Atlanta report Chicago shows the market Florida ResearchPeople:
Obama
Overall Sentiment: 0.0234996
Relevance: 0.824376
| Sentiment | Quote |
|---|---|
| 0.0153693 | "Prices on Election Day will be almost the same as when Obama took office, probably just 1.7% below where they were in January 2009," he said. ... |
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Mike Larson
Overall Sentiment: -0.14394
Relevance: 0.695779
| Sentiment | Quote |
|---|---|
| -0.170102 | "The fly in the ointment is that these buyers lack emotional attachment," said Larson. |
| Sentiment Stats: |
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David Blitzer
Overall Sentiment: 0.0851001
Relevance: 0.612678
| Sentiment | Quote |
|---|---|
| 0.185513 | "The sustained good news in home prices over the past five months makes us optimistic for continued recovery in the housing market," said David Blitzer, ... |
| Sentiment Stats: |
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Jed Kolko
Overall Sentiment: 0.082807
Relevance: 0.586457
| Sentiment | Quote |
|---|---|
| 0.0973203 | "Looking forward, price increases will continue," said Jed Kolko, ... |
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Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
FinancialMarketIndex: S&P's index
Overall Sentiment: -0.0213772
Relevance: 0.574687
City: Phoenix
Overall Sentiment: -0.0340757
Relevance: 0.636931
City: NEW YORK
Overall Sentiment: 0
Relevance: 0.58447
City: Seattle
Overall Sentiment: 0.039912
Relevance: 0.551285
City: Detroit
Overall Sentiment: 0
Relevance: 0.487984
City: New York
Overall Sentiment: 0
Relevance: 0.486632
City: Miami
Overall Sentiment: 0
Relevance: 0.466428
City: Chicago
Overall Sentiment: 0.0970934
Relevance: 0.435499
City: Atlanta
Overall Sentiment: -0.211502
Relevance: 0.431954
StateOrCounty: Florida
Overall Sentiment: -0.048526
Relevance: 0.422066
Company: S&P
Overall Sentiment: 0.0373302
Relevance: 0.552562
Company: S&P/Case-Shiller
Overall Sentiment: 0.0798776
Relevance: 0.506807
Company: Trulia
Overall Sentiment: 0.0108627
Relevance: 0.437157
Company: Weiss Research
Overall Sentiment: -0.0208275
Relevance: 0.429899
Organization: National Association of Realtors
Overall Sentiment: 0.0684549
Relevance: 0.541669
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