Escape From Chicago! Case-Shiller 20 Home Price Index Slows To 3.69% YoY As Households Flee Big Cities

The Case-Shiller repeat home sales numbers are out for May (yes, it is almost August). It shows home price growth slowing to 3.69% YoY in May.

The smallest gain in home prices is in Chicago (1.3% YoY) while the largest gain is in Phoenix AZ (9.0% YoY).

You can see the enormous home price bubble in both Chicago and Phoenix in 2005-2007 but the Phoenix bubble is far greater. Phoenix has recovered almost to bubble highs while Chicago is suffering from an exodus due to a broken pension system and plague-like taxes.

Chicago is going to need Snake Plisken to escape Mayor Lori Lightfoot, the Duke of Chicago.

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