{"id":1004102053,"date":"2014-08-12T05:41:56","date_gmt":"2014-08-12T13:41:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004102053"},"modified":"2022-12-09T00:53:32","modified_gmt":"2022-12-09T08:53:32","slug":"economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/","title":{"rendered":"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery"},"content":{"rendered":"<p><em>By Dees Stribling, Contributing Editor<\/em><\/p>\n<p>Another metric shows that the growth in U.S. housing prices is slowing down: FNC reported on Monday that its Composite 100 index was up 8 percent in June compared with the same month a year ago; the year-over-year increases for the index have been slowing since peaking in February at 9.4 percent, which was the highest rate since 2006.<\/p>\n<p>The FNC Composite 100 increased 0.8 percent from May to June. The index tracks pricing in the 100 largest MSAs in the country, and isn\u2019t seasonally adjusted and excludes foreclosure auction sales, REO sales, and short sales. FNC\u2019s more focused indexes (10-MSA, 20-MSA, 30-MSA) likewise increased between 0.8 percent and 0.9 percent month-over-month in June, and have also been slowing down in terms of year-over-year growth.<\/p>\n<p>Separately, CoreLogic reported last week that home prices year-over-year increased nationwide 8.8 percent compared with a year ago. The company predicts that from June 2014 to the same month in 2015, U.S. home prices will appreciate only 5.7 percent.<\/p>\n<p>Fischer Points to Inaction on Housing as Slowing Recovery<\/p>\n<p>At a conference in Stockholm sponsored by the Swedish Ministry of Finance, Federal Reserve Vice Chairman Stanley Fischer noted on Monday that \u201cthree major aggregate demand headwinds\u201d have kept a more vigorous recovery from taking hold in the United States. \u201cThe unusual weakness of the housing sector during the recovery period, the significant drag\u2014now waning\u2014from fiscal policy, and the negative impact from the growth slowdown abroad\u2014particularly in Europe\u2014are all prominent factors that have constrained the pace of economic activity,\u201d he said.<\/p>\n<p>The housing sector was at the epicenter of the financial crisis and recession, and it continues to weigh on the recovery, Fischer noted. \u201cAfter previous recessions, vigorous rebounds in housing activity have typically helped spur recoveries,\u201d he noted. \u201cIn this episode, however, residential construction was held back by a large inventory of foreclosed and distressed properties and by tight credit conditions for construction loans and mortgages.\u201d<\/p>\n<p>Moreover, the wealth effect from the decline in housing prices, as well as the inability of many underwater households to take advantage of low interest rates to refinance their mortgages, may have reduced household demand for non-housing goods and services, Fischer said. \u201cIndeed, some researchers have argued that the failure to deal decisively with the housing problem seriously prolonged and deepened the crisis,\u201d he posited.<\/p>\n<p>Wall Street ended the day up on Monday. The Dow Jones Industrial Average gained 16.05 points, or 0.1 percent, while the S&amp;P 500 advanced 0.28 percent and Nasdaq was up 0.7 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another metric shows that the growth in U.S. housing prices is slowing down.<\/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-1004102053","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery - 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-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery\" \/>\n<meta property=\"og:description\" content=\"Another metric shows that the growth in U.S. housing prices is slowing down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/\" \/>\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=\"2014-08-12T13:41:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:53:32+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-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery\",\"datePublished\":\"2014-08-12T13:41:56+00:00\",\"dateModified\":\"2022-12-09T08:53:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/\"},\"wordCount\":425,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/\",\"name\":\"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2014-08-12T13:41:56+00:00\",\"dateModified\":\"2022-12-09T08:53:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery\"}]},{\"@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: Spotlight on Housing Prices; Fed Official Sizes Up Recovery - 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-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery","og_description":"Another metric shows that the growth in U.S. housing prices is slowing down.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-08-12T13:41:56+00:00","article_modified_time":"2022-12-09T08:53:32+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-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/"},"author":{"name":"Dees Stribling","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"headline":"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery","datePublished":"2014-08-12T13:41:56+00:00","dateModified":"2022-12-09T08:53:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/"},"wordCount":425,"commentCount":0,"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/","name":"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2014-08-12T13:41:56+00:00","dateModified":"2022-12-09T08:53:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-spotlight-on-housing-prices-fed-official-sizes-up-recovery\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Spotlight on Housing Prices; Fed Official Sizes Up Recovery"}]},{"@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\/1004102053","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=1004102053"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004102053\/revisions"}],"predecessor-version":[{"id":1004612382,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004102053\/revisions\/1004612382"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004102053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004102053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004102053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}