CoreLogic: Home prices rise for third consecutive month | HousingWire

According to CoreLogic Home Prices Rise Again ! ??  Not so much  in Chicago Land

However you need to read beyond the headline… as you can see some states are in a decline!  Here is a bottom line Quote from the Story.

“The five states experiencing the most price appreciation include Arizona (prices up 12%); Idaho (up 9.2%); South Dakota (up 8.7%); Montana (up 8.2%); and Michigan (up 7.9%)”.

“Areas with the greatest price Depreciation include Delaware (prices down 9%); Rhode Island (prices down 4.4%); Illinois (prices down 4.2%); Alabama (prices down 4.1%); and Georgia (prices down 4%)”.

In Fact it seems CoreLogic  will indeed Exclud Distreessed Sales in there forcast.  ( Quote below)

:”CoreLogic's Pending Home Price Index suggests that home prices will rise another 1.4% from May to June. When excluding distressed sales, that number is expected to jump by 2%.”

Click Here for the Rest of the Story

How Low Can They GO- Mortgage Rates That Is

The average interest rate on a 30-year, fixed-rate mortgage reached 4.01% for the week ending Sept. 29, the lowest ever recorded on the Freddie Mac survey.

The 15-year FRM also averaged a record low 3.28% for the week. The new lows come after the Federal Reserve announced it would buy $400 billion of long-term Treasury bonds and reinvest in agency mortgage-backed securities in order to keep borrowing costs down.

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