{"id":1004097702,"date":"2014-06-04T06:03:28","date_gmt":"2014-06-04T14:03:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004097702"},"modified":"2022-12-05T15:13:12","modified_gmt":"2022-12-05T23:13:12","slug":"economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/","title":{"rendered":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

Another indication that home-price increases are slowing down (or, to look at it positively, there\u2019s no new housing bubble): CoreLogic reported on Tuesday that home prices nationwide, including distressed sales, increased 10.5 percent in April compared to the same month in 2013. That\u2019s the smallest that metric has been in over a year.<\/p>\n

The news came on the heels of the latest Case-Shiller numbers, which pointed to the same conclusion, but whose data was for March. Excluding distressed sales, CoreLogic said that home prices nationally increased 8.3 percent in April 2014 compared last year, also a relatively small amount. In CoreLogic\u2019s reckoning, distressed sales include both short sales and REO transactions.<\/p>\n

\u201cThe weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation,\u201d Sam Khater, deputy chief economist for CoreLogic, noted in a statement. \u201cThe 10.5 percent increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 months.\u201d<\/p>\n

Auto Sales Strong in May\u00a0<\/strong><\/p>\n

U.S. consumers might not be buying as many houses as they used to, but they certainly are buying new cars at a robust pace. According to the research firm Autodata on Tuesday, sales came in at an annualized 16.77 million vehicles (cars and light trucks) in May. That was stronger than expected, and in fact the strongest pace since February 2007, before the recession.<\/p>\n

The aggregate sales figure for the month \u2013 about 1.6 million vehicles \u2013 was up about 11.3 percent compared with the previous month, and probably expressed continuing pent-up demand after a hard winter, since March and April were strong sales months, too. The top seven automakers selling in the U.S. (GM, Chrysler, Ford, Toyota, Nissan, Honda, and Hyundai) all enjoyed sales increases for the month.<\/p>\n

Vehicles sales were above an annualized 16 million units during November 2013, dropped for a few months, and then climbed back. Annual sales between 16 million and 17 million units were the norm during the early 2000s. At the worst of the recession, the annual total dropped just below 10 million vehicles.<\/p>\n

Wall Street, which is in record territory these days, nevertheless had a mild down day on Tuesday, with the Dow Jones Industrial Average losing 21.3 points, or 0.1 percent. The S&P 500 was down a scant 0.04 percent and the Nasdaq declined 0.1 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Home prices nationwide increased 10.5 percent in April compared to the same month in 2013, the smallest that metric has been in over a year. Vehicle sales came in strongest since before the recession.<\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004097702","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May\" \/>\n<meta property=\"og:description\" content=\"Home prices nationwide increased 10.5 percent in April compared to the same month in 2013, the smallest that metric has been in over a year. Vehicle sales came in strongest since before the recession.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-04T14:03:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T23:13:12+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May\",\"datePublished\":\"2014-06-04T14:03:28+00:00\",\"dateModified\":\"2022-12-05T23:13:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/\"},\"wordCount\":393,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/\",\"name\":\"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2014-06-04T14:03:28+00:00\",\"dateModified\":\"2022-12-05T23:13:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\",\"name\":\"Dees Stribling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"caption\":\"Dees Stribling\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/dcstribling\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May","og_description":"Home prices nationwide increased 10.5 percent in April compared to the same month in 2013, the smallest that metric has been in over a year. Vehicle sales came in strongest since before the recession.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-06-04T14:03:28+00:00","article_modified_time":"2022-12-05T23:13:12+00:00","author":"Dees Stribling","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/"},"author":{"name":"Dees Stribling","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"headline":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May","datePublished":"2014-06-04T14:03:28+00:00","dateModified":"2022-12-05T23:13:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/"},"wordCount":393,"commentCount":0,"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/","name":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2014-06-04T14:03:28+00:00","dateModified":"2022-12-05T23:13:12+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-residential-prices-increases-decelerate-auto-sales-strong-in-may\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Residential Price Increases Decelerate; Auto Sales Strong in May"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c","name":"Dees Stribling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","caption":"Dees Stribling"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004097702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1023"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004097702"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004097702\/revisions"}],"predecessor-version":[{"id":1004628665,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004097702\/revisions\/1004628665"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004097702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004097702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004097702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}