The latest S&P/Case-Shiller home price index report shows that while prices of homes around the country are continuing to climb, they are not climbing as fast as they once did. In July, 19 of the 20 housing markets the report tracks, only New York City saw prices climb. S&P's Index Committee Chairman David Blitzer attributes the slowdown in rising home prices to home buyers who may want a new home, but haven't seen their wages or incomes climb in tandem to justify paying higher prices for homes. New home sales saw a small increase in August, but for the most part, Blitzer said the housing market has been pretty weak. Blitzer points to the anemic pace of new construction which 'suggests the builders don't see a lot of reason to be optimistic either.' TheStreet's Ruben Ramirez reports from New York.
More from Video
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.