Home Prices Up 5% Year-Over-Year - Adviser Investments

Home Prices Up 5% Year-Over-Year

Senior Vice President Chris Keith has the market analysis for Tuesday, November 27. Major U.S. stock indexes experienced modest gains: The NASDAQ saw fractional movement, while the Dow Jones Industrial Average and S&P 500 advanced 0.4% and 0.3%, respectively. The National Retail Federation reported that 165 million consumers shopped between Thanksgiving and Cyber Monday, a 5% decline from 174 million in 2017. The average shopper spent nearly $315 this year, down from 2017’s $336. Meanwhile, the S&P CoreLogic Case-Shiller U.S. National Home Price Index revealed that September’s national home prices rose around 5.5% year-over-year, yet declined 5.7% since August.

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