Category Archives: Housing Data

Home Equity Wealth at New High

The latest flow-of-funds data from the Federal Reserve confirmed that home-equity wealth reached a new nominal high this year:  $13.9 trillion at mid-2017, $0.5 trillion above the 2006 peak and more than double the $6.0 trillion amount at the trough of the Great Recession.[1]  While several factors will affect aggregate home equity, it’s clear that […]

Foreign Buyers and Home-Price Growth

Major cities have been the entry gateway for immigrants to both the U.S. and Canada.  About 14 percent of the U.S. population and 21 percent of the Canadian population is foreign born.[1]  In Miami, San Jose, New York, Los Angeles, and San Francisco, more than one-third of the population is foreign born. Immigrants to Canada […]

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?  […]

Home Prices Continue Rising

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

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 […]

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 […]

Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices

  Data through April 2015 show that home prices continued their rise across the country over the last 12 months.  S&P/Case-Shiller Home Price Indices – April 2015

Upbeat Housing Reports

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% […]

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