Economic Focus – Week in Review

WEEK IN REVIEW

The pending home sales index slipped 2.5% in January to a level of 106.0 from a reading of 106.8 in February. Despite the decline, the index remains 1.4% above its year ago level in January of 2015. The CoreLogic Home Price Index increased 6.9% on a year-over-year basis in January and monthly growth (1.3%) is the fastest since May of last year. House prices are 38% above the low reached in March 2011, but remain 6% below the peak reached in April 2006.

For more key indicators and valuable information on the housing market, check out the full Economic Focus – Week in Review, here.

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