Complimentary Banking Newsletter Bank News Industry Insights & Info

Home Prices Decline for 6th Consecutive Month, Nearing a Housing Double Dip

Posted by Jesse Shand On Apr - 1 - 2017

U.S. home prices in January fell for the sixth month in a row, according to the S&P/Case-Shiller home price index released on Tuesday. The index, which covers 20 major markets, fell 3.1 percent year-over-year, edging it closer to the reality of a home-price double dip.

90 Percent of the Market Experienced Price Declines

According to the S&P index, 18 of the 20 markets covered by the survey experienced year-over-year price declines. Among the worst declines were:

  • Phoenix: 9.1 percent
  • Detroit: 8.1 percent
  • Portland: 7.8 percent
  • Minneapolis: 7.6 percent
  • Chicago: 7.5 percent

The only two markets to experience increases over the same period were Washington, D.C.

S-Bank’s Grand Opening 9 month CD special – Locals Only

Posted by admin On Feb - 6 - 2016

S-Bank, based out of Massachusetts, is offering a phenomenal 9 month CD rate of 2.33% APY to their local customers. To put this offer in perspective the national average for 6 month CDs sits at 0.90% APY and the national average for 12 month CDs is around 1.30% APY.

Many thanks to BankVibe reader Mark for sending us this offer!

Although S-Bank is calling this a “grand opening special offer” it’s available at all of their local branches (not just the new one). This product is not being shown on their website, you must stop by one of their local branches in Weymouth, Quincy or Bridgewater to take advantage of it. You can view the ad online here.

As a side note S-Bank also has some very competitive rates associated with their money market accounts. Curre

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