Today, three key indices are going to be announced, which will help further define the housing market and the overall U.S. economy. The Case-Shiller home price index, the Consumer Confidence index, and the Homeownership rate. The Case-Shiller Index is actually made up of several indexes that track the value of single-family detached residences using the arms-length and repeat-sales methods. The Consumer Confidence Index is a survey, administered by the Conference Board, that measures how optimistic or pessimistic consumers are regarding their expected financial situation. The Census Bureau releases data that makes up the homeownership rate, which is the percentage of U.S. homes that are owner-occupied. The rate is calculated by dividing the number of homes that are owner-occupied by the total number of occupied households. According to the St. Louis Federal Reserve, the homeownership rate reached its lowest point in 50 years in 2016 Q2 at 62.9 percent.
WI Markets Ranked on the Wall Street Journal/realtor.com Index
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