Posted on 06/27/2023 6:46:37 AM PDT by Kaiser8408a
Wasting away again in Bidenville!! Looking for my lost national housing market.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a -0.2% annual decrease in April, down from a gain of 0.7% in the previous month. The 10-City Composite showed a decrease of -1.2%, down from the -0.7% decrease in the previous month. The 20-City Composite posted a -1.7% year-over-year loss, down from -1.1% in the previous month.
The winners in April? Miami and … Chicago?
The biggest losers in April? Seattle and San Francisco both suffered YoY losses over -11%.
(Excerpt) Read more at confoundedinterest.net ...
Seattle, San Francisco and Miami housing is overpriced.
Strong liquidity exists - there is about ten times as much wealth in the stock market compared to when Reagan took office.
It is only a matter of more generally matching housing prices to incomes.
My guess is blue Democrat hellhole cities down in value (and population)... Red cities up in value and population.
Horrible! Horrendous! Calamity! Catastrophe.
Dallas is not dropping in value.
Miami and Chicago (yes, Chicago) have the highest year-over appreciation rates for any of the 20 metro areas analyzed.
“Hooray! Biden is making house prices more affordable!”
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