US Home Prices Still Soaring! Case-Shiller National HPI UP 19.84% YoY In August As Fed Stimulus Remains (Phoenix AZ UP 33.31%)

Between The Federal Reserve’s unorthodox monetary policy and insane spending from Congress and Biden Administration, we are seeing a near 20% rise in home prices for August.

Please note that pre-COVID the Case-Shiller home price index (national) was growing at 4%. Thanks to Fed Stimulypto, home prices are roaring at near 20% YoY.

Phoenix AZ home prices are growing at a 33.31% pace. The slowest growing? The US “shoot ’em up” capital, Chicago, is growing at 12.72% and is the slowest growing Case-Shiller 20 city.

I feel like I am living in the movie “Cloverfield” with The Federal Reserve as the uncontrollable monster.

UPDATE: Columbus Ohio as of Q2 2021 is growing at a 13% YoY pace.

One thought on “US Home Prices Still Soaring! Case-Shiller National HPI UP 19.84% YoY In August As Fed Stimulus Remains (Phoenix AZ UP 33.31%)

  1. Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say excellent blog!

    Like

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