RESI - U.S. Home Prices grow 7.8% through Q3 end; notable companies performance

Radian Home Price Index indicated a Y/Y growth of 7.8% in home prices in 12 months, released by Red Bell Real Estate a Radian Group (RDN) company.YTD, Radian HPI grew at an annualized rate of 7.4%, higher than the increase of 6.4% recorded during 9M19.During Q3, national home prices increased at an annualized 8.9%, exceeding the 6.8% annualized gains during Q2."..until there are clear signs of a change in the substantial imbalance in supply and demand, all signs would point to a continuation of gains for home prices. However, it is not unlikely that as prices continue to rise, affordability concerns may begin to cool appreciation rates in some markets," SVP of Data and Analytics Steve Gaenzler commented.Nationally, the median estimated price for single-family and condominium homes rose to $262,505.Quick look at quarterly home sales transactions:In September, all six Radian HPI Regional indices recorded positive annual home price appreciation rates; Northeast and

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U.S. Home Prices grow 7.8% through Q3 end; notable companies performance