US Home Prices NOT Expected To Exceed Inflation For First Time Since Survey Created (According To Consumer Survey)

For the first time since the New York Federal Reserve began its monthly Survey of Consumer Expectations more than five years ago, respondents see parity between short-term home-price growth and overall inflation. U.S. housing-market expectations one-year ahead worsened for the sixth straight month in December, edging down 0.05 point to a median 3 percent, while that for inflation remained about unchanged at 3 percent. The bank’s internet-based survey uses a rotating panel of approximately 1,300 household heads.

parity

 

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