Shutdown yet to hit home prices: Trulia

New York /
Oct.October 17, 2013 11:59 AM

The federal shutdown hasn’t yet hurt home prices, according to the latest data from real estate firm Trulia. Nationally, residential asking prices are up one percent between September and the first half of October, seasonally adjusted, the Trulia data show. This slight increase is in line with the increases seen in recent months, according to Trulia’s chief economist Jed Kolko.

“Before the shutdown started, several factors were already cooling down price gains, including expanding inventory, higher mortgage rates, and declining investor activity,” Kolko wrote in a blog post on Trulia yesterday. “Asking home-price changes in the first half of October were uncorrelated with the local economic impact of the shutdown.”

To be sure, there are other worrying signs in Washington, Kolko said, including the Fed’s “taper” talk, negotiations of the new budget, and the debate over how to reform Fannie Mae and Freddie Mac. [Trulia]  – Hiten Samtani


Related Articles

arrow_forward_ios
Milo Founder and CEO Josip Rupena (iStock, Milo Credit)
Crypto-rich but can’t buy a home? Now you can
Crypto-rich but can’t buy a home? Now you can
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
New York City skyline, going green! (Credit: iStock)
New York City’s surprising real estate comeback continues
New York City’s surprising real estate comeback continues
New data platform finds hot housing markets while they’re still just warm
New data platform finds hot housing markets while they’re still just warm
New data platform finds hot housing markets while they’re still just warm
Second-home buyers have a new love for the Southeast
Second-home buyers have a new love for the Southeast
Second-home buyers have a new love for the Southeast
“Are we in a bubble?” Home sales and price growth to slow in 2022, experts say
“Are we in a bubble?” Home sales and price growth to slow in 2022, experts say
“Are we in a bubble?” Home sales and price growth to slow in 2022, experts say
Be not afraid: A NY transplant goes house-hunting in Texas
Be not afraid: A NY transplant goes house-hunting in Texas
Be not afraid: A NY transplant goes house-hunting in Texas
Lumber prices head higher as pandemic rollercoaster take another spin
Lumber prices head higher as pandemic rollercoaster take another spin
Lumber prices head higher as pandemic rollercoaster take another spin
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...