Slowdown! Case-Shiller Home Price Index Slows To Almost 0% YoY As Fed Pulls Out (SF Down -10% YoY, Seattle Down -9.3%, Miami Up +10.8%)

Confounded Interest ^ | 04/25/2023 | Anthony B. Sanders

[Kaiser8408a]

The US housing market is experiencing a slowdown as The Fed withdraws it outragous monetary stimlus.

The Case-Shiller 20 metro house price index grew at a rate of 036% year-over-year (YoY) in February.

Drifting into darkness, we have the West getting battered with my old hometown of San Francisco leading the pack at -10% YoY with Seattle down -9.3% YoY.

You know things are bad out west when Cleveland, Detroit and Chicago are gaining ground in prices. And Miami was up 10.8% YoY.

[Kaiser8408a]

Socialist strongholds San Francisco and Seattle are crashing while conservative strongholds like Miami and Tampa are BOOMING.

[PGR88]

Which cities are dying?