Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Home Prices Just Accelerated At Their Fastest Pace On Record

Courtesy of ZeroHedge View original post here.

According to the Case-Shiller indices, home prices in America's 20 largest cities have exploded at 14.88% YoY in April – the highest since Nov 2005…

Source: Bloomberg

Phoenix, San Diego, Seattle reported highest year-over-year gains among 20 cities surveyed…

All cities are seeing home prices appreciate at double digits (a little higher than The Fed's 2% "goal").

But, on a national scale, it gets even worse. Case-Shiller's National Home Price Index rose 14.59% YoY in April – that is the fastest pace of home price inflation on record (back to 1988)

Source: Bloomberg

That is faster than the prior peak acceleration in September 2005!

"We have previously suggested that the strength in the U.S. housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes," Craig Lazzara, global head of index investment strategy at S&P Dow Jones Indices, said in statement.

"April’s data continue to be consistent with this hypothesis. This demand surge may simply represent an acceleration of purchases that would have occurred anyway over the next several years. Alternatively, there may have been a secular change in locational preferences, leading to a permanent shift in the demand curve for housing."

The question for Jay Powell is – explain how this is "transitory" if you're never gonna taper or hike rates?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!