Relevant and even prescient commentary on news, politics and the economy.

Driven by frozen inventory, repeat home prices continue to increase, but downward pressure on shelter inflation remains

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 […]

Frozen homeowners means record low inventory, meaning existing home prices have stopped declining

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 […]

New home prices may have peaked after all

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, […]