Earlier today, we saw that the Case-Shiller National home price index in March rose to its fastest rate in history.
Columbus Ohio is not covered by Case-Shiller in their 20-city index, but the FHFA’s home price index does. And in Q1 2022, home prices grew at a 18.6% YoY clip.
Before Covid and the march of The Federal Reserve (and Biden’s anti-fossil fuel orders), home prices in Columbus Ohio were only growing at a 6.15% YoY rate. So, thanks to The Fed, home prices in Columbus are growing at nearly 3 times the pre-Covid rate.
Here is the CS national home price index.
Let’s see how Columbus home prices do with US Treasury yields starting to rise 10+ bps again.