This morning’s S&P CoreLogic Case-Shiller Home Price Indices report showed prices rising at about a 5% annual rate over the last 12 months. Across the country the pattern varies with strong price gains in the Pacific Northwest and small price increases in New York and Washington DC. The press release and data are available at Read more […]
Charts from the latest S&P/Case-Shiller Home Price Indices released this morning. Full data available here. Nationally home prices continue at a about a 5% annual rate. Price gains vary across the 20 cities covered with the Pacific Northwest region showing the largest gains.
Prices of existing homes rose 5.3% in the year ended December 2015, more than twice the rate of inflation. However, the pace of price increases varies across the country with the strongest gains in the west and the weakest in the northeast, as shown by the chart. Sales of both new and existing homes Read more […]
Prices of existing single family homes, as measured by the S&P/Case-Shiller National Home Price index, are rising is single digit terms. However, the price changes that matter – the real or inflation adjusted changes – may be higher than many suspect. Backing out inflation, as shown in the chart, gives real increases averaging 6.3% annually Read more […]
On Monday, Aug. 24, 2015, the global stock market tumbled, with the Dow Jones Industrial Average® losing 1,000 points in seconds. We have seen similar turbulence in the equity markets in 1987, 1997, 1998, 2007, and 2008. We know that the stock market is an important leading indicator, as it reports on the health of Read more […]
This post examines the relationship between Dallas and Denver, utilizing the S&P/Case-Shiller Home Price Index for each city. The pair was selected based on a correlation analysis that yielded a correlation coefficient of 0.84 between the two cities. This analysis covered the 20 metropolitan indices in the S&P/Case-Shiller Home Price Index series, utilized log returns Read more […]
Since the S&P/Case-Shiller National Home Price index bottomed in December 2011, the national index is up 24% or 7.5% annually. While the Index is about 10% below the peak level set in July 2006, the indices for Denver and Dallas set new all-time peaks last year. Boston and Charlotte NC are both closing in on Read more […]
Bonds May Puzzle But Stocks Could be Worrisome Bonds: Just when people thought we were safe from creative financing applied to bonds backed by homes, a new improved approach is about to surface. The past year has seen an increase in buying homes for rent by private equity funds and others. The private equity buyers Read more […]