by confoundedinterest17
John Burns consulting has this fascinating chart displaying a slight slowdown in house worth progress. However HPI progress remains to be rising sturdy. At 17% YoY in June.
The Case-Shiller Nationwide house worth index, rising at 14.6% Yo is lagged with reporting solely as of April. However you possibly can see the slowing M2 Cash Inventory YoY. Though M2 Cash inventory remains to be rising at a scorching 13.84% YoY as of Might.
So if John Burns is right, then we must always see a rise within the subsequent Case-Shiller report for Might, then a slight slowdown in Case-Shiller’s June report.
But when we have a look at new house costs (web of incentives), we see a 20% YoY worth enhance (Supply: John Burns)
And the housing pump is primed with the bottom REAL 30-year mortgage price since 1975.
Right here is Fed Chair Jerome Powell speaking about The Fed’s financial insurance policies and housing bubbles.
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