Case-Shiller 20 Metro Home Price Index Breaches 19.1% YoY As Phoenix AZ Leads The Way At 29.3%! (Is Powell The God Of Hellfire?)

Fed Chair Jerome Powell is The God of Hellfire! Or least home prices.

The Case-Shiller 20 metro home price index grew at 19.1% YoY even as The Federal Reserve has “slowed” M2 Money growth to 13% YoY.

Home prices are now growing at 4.75x hourly earnings growth. And existing home sales inventory remains low by historic standards.

All of the Case-Shiller metro areas were above 13% with Phoenix, AZ leading at 29.3% YoY. The slowest growing metro area is Chicago, IL at 13.3%.

The FHFA’s house price growth hit 17.38% YoY in June. Mortgage rates being low and Fed’s Balance Sheet and The Fed’s System Open Market Holdings sky-high.

Are Fed Chair Jerome Powell and The Fed Board of Governors the Gods of Hellfire?

2 thoughts on “Case-Shiller 20 Metro Home Price Index Breaches 19.1% YoY As Phoenix AZ Leads The Way At 29.3%! (Is Powell The God Of Hellfire?)

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