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Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual appreciation than in their previous readings. The gains remain relatively modest by historical standards, and while nominal prices are still moving higher nationally, the picture looks considerably less impressive after accounting for inflation. The FHFA House Price Index rose 0.3% from June to July, bringing the annual increase to 2.6% . While the national market is still technically appreciating, there's more and more variation between different metro areas with some holding steady or even contracting. Case-Shiller tells a similar story, though its national measure is running at a somewhat slower pace. The U.S. National Home Price Index rose 1.9% year over year in July, up from 1.6% in June. The 10-City Composite increased 3.4% , while the 20-City Composite was up 2.5% . The annual price appreciation chart shows a nice little uptick, but the takeaway is tempered in inflation-adjusted terms. Both of the big U.S. inflation reports showed annual changes of 3.4% last month, and even higher in July (the month that lines up with these home price reports). Any way you slice it, that means home prices aren't keeping pace with broader inflation. Whether or not that's a bad thing is another story. Some would say it wouldn't be the end of the world for prices to merely hold steady and allow income growth to slowly chip away at affordability.
Browns defensive tackle Mason Graham suffered MCL and ankle sprains against the Steelers, with sources telling NFL Network that Cleveland's leader in sacks is expected to be out a few weeks.
Commanders QB Jayden Daniels was ruled out of Sunday's game vs. the Colts, causing him to miss a second consecutive game because of a dislocated left elbow.
Lean hog futures are posting grains of 32 cents to $1.25 in the front months on Friday. USDA’s national base hog price was reported at $77.25 on Friday morning. The CME Lean Hog Index was back down 24 cents on September 30 at $80.71. USDA’s pork carcass cutout value was...
Soybeans are trading with contracts down 5 to 7 cents at midday. The cmdtyView national average Cash Bean price is down 6 cents at $12.23 3/4. Soymeal futures are trading with contracts $5 to $7 lower, with Soy Oil 125 to 130 points higher Harvest should be able to resume...
The dollar index (DXY00 ) is down by -0.32% today. A weaker-than-expected US Sep payroll report is weighing on the dollar today. Both non-farm payrolls and average hourly earnings rose less than expected, reducing the chance of a Fed rate hike later this month. Today’s -4% plunge in WTI crude...
December ICE NY cocoa (CCZ26 ) is up +297 (+5.52%) today, and December ICE London cocoa #7 (CAZ26 ) is up +222 (+5.51%). Cocoa prices are sharply higher today and posted 2-week highs on positive carryover from Thursday, when Ghana raised the price paid to cocoa farmers for the 2026/27...
Live cattle futures are down 45 cents to $1.50 at midday. October options expire today. Cash trade saw some light $348-350 dressed action in the North so far this week as reported by USDA, with live sales at $220-222. Southern bids were reported at $226. The Friday Fed Cattle Exchange...
Corn futures are trading with Friday losses of 4 to 5 cents at midday. The CmdtyView national average Cash Corn price is down 4 1/4 cents at $4.57. USDA reported a private export sale of 218,600 MT of corn to Mexico this morning, with 173,800 MT for 26/27, 22,400 MT...
An OutKick reporter attempted to ask A'ja Wilson's mom a question about her "Love Beats Hate" sign, and she started freaking out. Craig Carton gives his thoughts on the situation.
Newly released body camera footage shows the first moments officers approached Luigi Mangione inside a Pennsylvania McDonald's before taking him into custody.
Maine State Auditor Matt Dunlap, the Democratic congressional nominee in key swing district ME-02, takes aim at GOP rival former Gov. Paul LePage’s record, in a Fox News Digital interview
San Francisco 49ers owner Jed York has been suspended for six regular-season games and fined $500,000 for violating the NFL’s personal conduct policy, the league announced Friday.