Friday , January 24 2020
Home / Hale Stewart: Bonddad Blog / Housing rebound continues; price appreciation stabilizes

Housing rebound continues; price appreciation stabilizes

Summary:
- by New Deal democratJust a quick note, as I am traveling today.New home sales declined slightly in October from September, but remain at the high end of this expansion. The renewed uptrend in housing sales, due to lower mortgage rates, is clearly intact:Meanwhile house prices, as measured by the Case Shiller index, also increased at a slightly faster YoY rate, 3.2% for September vs. 3.1% in August (blue): As I have said many times, sales (permits, red in the graph above) lead prices. Now that the sales rebound is firmly intact, price appreciation has stabilized and is likely to begin accelerating again.

Topics:
[email protected] (New Deal democrat) considers the following as important:

This could be interesting, too:

Calculated Risk writes BLS: December Unemployment rates at New Series Lows in Eight States

Jerri-Lynn Scofield writes Dark Satanic Mills Are Not Just a Historical Artifact: MP Castigates Leicester Fast Fashion Factories

[email protected] (New Deal democrat) writes The producer vs. consumer sectors of the economy: a comparison

Calculated Risk writes Sacramento Housing in December: Sales Up 12.7% YoY, Active Inventory down 38.8% YoY


 - by New Deal democrat

Just a quick note, as I am traveling today.

New home sales declined slightly in October from September, but remain at the high end of this expansion. The renewed uptrend in housing sales, due to lower mortgage rates, is clearly intact:

Housing rebound continues; price appreciation stabilizes

Meanwhile house prices, as measured by the Case Shiller index, also increased at a slightly faster YoY rate, 3.2% for September vs. 3.1% in August (blue):

Housing rebound continues; price appreciation stabilizes
As I have said many times, sales (permits, red in the graph above) lead prices. Now that the sales rebound is firmly intact, price appreciation has stabilized and is likely to begin accelerating again.

Leave a Reply

Your email address will not be published. Required fields are marked *