The table shows the high and low index levels and dates for the 20 S&P/Case-Shiller Home Price Index cities. The chart shows the recent evolution of the year-over-year change in the S&P/Case-Shiller National Index. Since late 2013 the year-over-year gains have dropped from an unsustainable double digit pace and now may be leveling off with […]
Recent data suggest the U.S. economy has rebounded fairly well from its contraction in the first quarter of the year, giving financial-market participants, as well as American businesses and consumers, reason to be somewhat optimistic. Job gains accelerated after a lull in March, and housing activity strengthened after a deep winter chill. Also, at long […]
Two recent data points – existing home sales and mortgage debt outstanding – point to continued strength in the housing recovery. May total existing home sales, including single family homes, town houses and condominiums, were 5.35 million, up 5.1% and the highest figure since November 2009. Sales of single family homes were 4.73 million, 5.6% […]
S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through May 2015. S&P/Experian Consumer Credit Default Indices Press Release – June 2015
Neither the Federal Reserve’s minutes to April’s Federal Open Market Committee meeting nor Chair Janet Yellen’s speech this week gave any clear indication of a time frame for interest rate liftoff. Fed Chair Yellen said an initial rate liftoff this year is “appropriate” if the economy continues to improve as forecast. She expects the subsequent […]
S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through April 2015. S&P/Experian Consumer Credit Default Indices Press Release – May 2015
Perhaps the best reflection of the economic pressures Millennials face can be seen in the U.S. housing market. The pace of household formation and the rate at which Millennials head their own households is declining. In fact, detailed data show that the drop in homeownership during the financial crisis was the largest for people ages […]
Both generations grew up amid a major financial crisis, making them less willing to spend and more likely to save. What sets them a part, though, is the burden of student loans. Millennials have a bad rap. We imagine them spending their days updating social media accounts with headsets covering their ears and their parents’ […]
The first chart shows the Condo indices: The next chart shows the low, mid and high price tier indices for San Francisco. The indices moving together recently suggests that the boom-bust bubble is behind us. The first table shows the highs and low for the indices, the second shows the year-over-year changes, ranks for year-over-year […]
Bob Shiller on Home Prices and Job Growth
These charts are from Bob Shiller. The first scatter gram compares the unemployment rate with the change in home prices in the 12 months through April, 2015. There is no obvious pattern orrelation between unemployment rates and the change in home prices. The second scatter gram tells a different story: the faster employment grew over […]
Employment and Unemployment, S&P CoreLogic Case-Shiller
Bob Shiller, Home Prices and Jobs, Jobs and Housing