Cindy Schweikert Hart West Financial Inc. Home Mortgages in Arizona, Washington, Oregon, Colorado, New Mexico and Utah

Serving Homeowners, Home Buyers, Home Sellers in Arizona, Washington, Oregon, Colorado, New Mexico and Utah

  • Home
  • About
    • About Us
    • Testimonials
    • Privacy Policy
    • Site Security
  • Hartwest.com
    • Daily Morgage Commentary
    • Request Estimate Of Closing Costs
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply Today – Click Here
  • Blog
  • Video Library
  • Contact
HartWest Financial Location
NMLS #116830
AZ MB 0901832; CO 100008133; NM 01938; OR ML-2751; UT 5491769NMLC; WA MB-116830
Cindy Schweikert Loan Originator
NMLS #116611

Hart West Financial Says, While Others May Charge More, Here's Why We Are Less

Many people have asked how our rates can be so competitive. The answer is pretty simple. We do not employ commissioned loan officers, and we do not have the many layers of management of larger companies. These are two good reasons why our rates and fees are lower than many of our competitors.
Read More

Connect with Us!

Hart West Financial June 2, 2023

S&P Case-Shiller Home Price Indices Show Mixed Readings in March

S&P Case-Shiller Home Price Indices Show Mixed Readings in MarchMarch readings for the S&P Case-Shiller National Home Price Index showed that month-to-month home prices rose by 0.40 percent in March. The 20-City Home Price Index, which is considered a benchmark indicator by U.S. real estate professionals, rose by 0.50 percent month-to-month in March but posted a negative reading of -1.10 percent year-over-year. Analysts said that the slim supply of homes for sale drove up prices as demand for homes exceeded available inventory.

Homeowners took a “wait and see” position as mortgage rates rose and concerns over the economy persisted. Those who refinanced their mortgages to low rates during the pandemic weren’t looking to buy new homes or refinance at current mortgage rates near seven percent. Prospective homebuyers faced affordability challenges and concerns over buying at the top of their local real estate markets.

Southeast leads the  U.S. in home price growth

U.S. home price growth dominated the S&P Case-Shillere 20-City Home Price Index in March; the top three cities reporting the highest year-over-year home price appreciation rates were Miami, Florida with 7.7 percent growth. Tampa, Florida reported 4.8 percent home price growth and Charlotte, North Carolina held third place with 4.7 percent year-over-year home price growth.

The Western region continued to lag as year-over-year home prices fell by -1.10 percent from March 2022 to March 2023 as compared with 0.40 percent year-over-year growth in February. Data included in S&P Case-Shiller readings are seasonally adjusted. All 20 cities reported home price gains on a month-to-month basis, which indicates that housing prices continue to recover from the lows that occurred during the pandemic. Home prices will indicate further developments in the economic recovery based on how home prices and sales perform during the typically busy summer home-buying season. 

FHFA reports 3.6 percent year-over-year home price growth in March

The Federal Housing Finance Agency, which oversees government-sponsored mortgage enterprises Fannie Mae and Freddie Mac, reported 3.6 percent seasonally-adjusted year-over-year growth in home prices for U.S.  properties owned and sold by the two government-sponsored organizations. FHFA reported regional home price growth rates for the nine U.S. Census divisions; month-to-month results ranged from -10 percent in the Pacific division to 1.20 percent growth in the Mountain division. 

Filed Under: Financial Reports Tagged With: Case Shiller, Financial Reports March readings for the S&P Case-Shiller National Home Price Index showed that month-to-month home prices rose by 0.40 percent in March. The 20-City Home Price Index, which is considered a benchmark indicator by U.S. real estate professionals

Next Page »
Connect with Us on:
Manta
Click Here For License List

Get A Free Rate Quote!

  • This field is for validation purposes and should be left unchanged.



Quick Links

  • NMLS Consumer Access
  • Accessibility Statement
  • Video Library
  • Mortgage Licenses
  • Contact Us
  • Privacy Policy
Hart West Financial, Inc.
9805 E Bell Rd. Ste 120
Scottsdale Road, AZ 85260
NMLS #116830
AZ MB 0901832; CO 100008133; NM 01938; OR ML-2751; UT 5491769NMLC; WA MB-116830
Cindy Schweikert Loan Originator NMLS #116611
EQ Logo

Our Location


9805 E Bell Rd. #120
Scottsdale, AZ 85260

Return to top of page

Copyright © 2023 Cindy Schweikert Hart West Financial Inc. Home Mortgages in Arizona, Washington, Oregon, Colorado, New Mexico and Utah. All rights reserved.   Log In