Party like its 2007

House sales and prices are rising.  Home sales in June were 5.57 million at annual rates, the highest since February 2007 when national home prices peaked.  Currently prices as measured by the S&P/Case-Shiller National Home Price Index are climbing at a 5% annual rate and are a mere 3% from their all-time peak.

What next?  The next S&P/Case-Shiller Home Price Index report will be released on Tuesday morning at 9 AM – check to see if the advance continues.  The data will be posted at www.spdji.com.

Home Prices Continue Rising

Charts from this morning’s S&P/Case-Shiller Home Price Release. Data available here.

Home Prices Hint at Slow Down

After a long winter of strengthening home prices, the latest S&P/Case-Shiller Report showed some hints of smaller monthly gains. Thirteen of the 20 cities had smaller year-over-year increases in February; in January only nine saw year-over-year numbers drop. The hint of slower growth shouldn’t alarm anyone; rather the biggest concern in housing today may be […]

Where are Home Prices Headed?

Find out tomorrow… S&P/Case-Shiller Home Price Indices will be released at 9 AM Tuesday April 26th. Since last fall home prices across the country have been rising faster than inflation. In the Pacific Northwest prices are rising three to five times faster than inflation.  Analysts question if this can continue and whether home buyers are […]

S&P/Case-Shiller Home Prices as of January 2016

Home Prices are rising at more than 5% per year, over twice the rate of inflation.  Price gains partly driven by tight supply and low inventories of homes for sale. Young and first time home buyers facing some hurdles in getting mortgages due to student and credit card debts. see www.spdji.com for for report Click […]

Homes In These Two Cities May Shelter Better Than Gold

Gold is on the rise this year as investors seek shelter from the volatility in the stock and oil markets. While 90-day annualized volatility of oil, around 50%, is the highest since April last year, and is near its 2001 peak, it’s not near the high levels of 2008 or 1991. Also, the open interest that […]

S&P/Case-Shiller Home Prices on Tuesday January 26th

Home prices have been climbing throughout 2015. On Tuesday, January 26th S&P Dow Jones Indices will publish the November report and see if the gains continue.  The chart shows how the 20 cities have done since the S&P/Case-Shiller National Home Price Index bottomed in January 2012.  San Francisco is up almost 70%, Cleveland and New […]

Looking at Home Prices

Four cities have set new all-time highs for prices, two are more than 20% above their pre-crisis peaks: (click on table or chart for larger image) Home prices are much more volatile than rents and are rising a bit faster currently: With inflation quite low, the real and nominal home prices track one-another, unlike the […]

Home Prices Are Rising Faster Than You Think

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 […]

U.S. Weekly Economic Roundup: What’s The Rush?

The September Federal Open Market Committee (FOMC) meeting is shaping up to be a real cliffhanger. The minutes of July’s meeting didn’t give a clear signal regarding the September move for a rate hike. It is clear, however, that the participants are not in agreement yet. The Fed’s downside risks have increased since their meeting […]

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