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5 Things to Know About the Economy This Week

Home Prices Hit 8-Year High (Getty Images) What Happened: The S&P/Case-Shiller National Home Price Index in October sat 5.2 percent above where the metric was a year ago, according to a report released Tuesday. The real estate pricing barometer now sits at its highest level since Oct. 2007. But price gains have largely been concentrated…

Sales of new homes race to nearly a 9-year high

-Reuters 24 August 2016 New U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years as demand increased broadly, brightening the housing market outlook. The Commerce Department said on Tuesday new home sales surged 12.4 percent to a seasonally adjusted annual rate of 654,000 units last month, the highest…

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