The S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis on which to forecast near-term trends. The index has continued to drop most months since the advent of the housing crisis. But, the data could surprise on the upside. Builder confidence is up, although that does not directly influence home prices. Realtors have begun to show some optimism about the movement of inventory if NAR data is a fair indication. The Case-Shiller information is also important psychologically. Stock and bond markets will watch it as a signal of the direction home prices are likely to take over the next several months.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.