Financial

Yet Another Record High For Case-Shiller Home Prices

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(Click on image to enlarge)Case-Shiller home price indexes and BLS CPI measures through July, chart by Mish
Chart Notes

  • National and 10-city indexes from Case-Shiller
  • The CPI, OER, and Rent measures are from the BLS
  • OER is Owners’ Equivalent Rent, the price a homeowner would pay to rent their home, unfurnished, without utilities.

    • Case-Shiller data was released on Tuesday. But the St. Louis Fed did not have the data posed until Wednesday or Thursday.I am not sure why the delays on this series but it is frequently late.
    Case-Shiller Home Price Index National and Top 10(Click on image to enlarge)
    New Record Highs

  • National
  • 10-City Composite
  • Boston
  • Chicago
  • Las Vegas
  • Miami
  • New York
  • San Diego
  • D.C

    • Missing from the above list are San Francisco and Denver.Data is through July and that represents sales from May, June, and July so it’s possible the top set in more cities than shown above.
    Housing Related Posts

  • September 18: Stronger than Expected Housing Report in August, Especially Completions
  • September 19: Existing Home Sales Decline for the 24th Time in 31 Months
  • September 22: 21 Million Renter Households Spent Over 30% of their Income on Housing Costs
  • September 25: Home Builders Are Sitting on a Lot of Supply they Struggle to Sell

    • The Fed Predicts an Immaculate Soft LandingMeanwhile, please note my Hoot of the Day: I review all of the jobs and unemployment data. The Fed predicts a soft landing. I don’t.More By This Author:

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