CFRA Research's Ken Leon joins Yahoo Finance Live to discuss housing market trends, the outlook for 2022, and how homebuilders will benefit.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.5% annual gain in September, down from 19.8% from August. The 20-City Composite posted a 19.1% annual gain, down from 19.6% a month earlier. The 20-City results came in lower than analysts’ expectations of a 19.3% annual gain, according to Bloomberg consensus estimates.
Existing home sales rose 0.8% to a seasonally adjusted 6.34 million units in October from a month earlier, according to the National Association of Realtors (NAR). The results were better than analyst expectations of a 1.8% decline, according to Bloomberg consensus estimates.