Tag Archives: home prices

Driven by frozen inventory, repeat home prices continue to increase, but downward pressure on shelter inflation remains  – by New Deal democrat Our last piece of important housing information for the month was released this morning; namely repeat home sale prices as measured by the FHFA and Case Shiller. The former increased by 0.6%, and the latter by 0.3%, continuing their increases since the beginning of this year: On a YoY basis, the...

Frozen homeowners mean record low inventory, meaning existing home prices have stopped declining  – by New Deal democrat Before discussing this morning’s reports on existing home prices, let’s start with a look at new listings and total active listings of housing inventory, which are very instructive: This information is not seasonally adjusted, and obviously follows a seasonal pattern. The important thing to notice is that since late last...

New home prices may have peaked after all – by New Deal democrat Yesterday I wrote, “The median price of a new home increased 1.7% in June (not seasonally adjusted), and remained sharply higher YoY at 15.1%.” That’s true, but it wasn’t complete. The 15.1% figure is from the quarterly average. On a monthly basis, the YoY% change was 7.4%. Here are the monthly and quarterly figures together: The monthly change is not seasonally adjusted, so...