Bidenville! Case-Shiller 20 Metro Home Price Index Growth Goes Negative (-1.15% YoY In March, Seattle Down -12.43% YoY, SF Down -11.22%) While Commercial RE Price Growth Went Negative Too

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, C&I, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, France, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen, Yield Curve 1 Minute

Resident Biden and Congress unleashed inflation of the unsuspecting American middle class. Now real estate is starting to feel the pain of Fed monetary tightening.

For March, the S&P CoreLogic Case-Shiller 20 metro home price index actually fell -1.15% YoY as The Fed continues to tighten its monetary noose on the US economy.

The biggest losers in terms of home prices? The west! Los Angeles, Denver, Phoenix, Portland, Las Vegas, San Diego, San Francisco and Pramila Jayapal-ville, Seattle.

On the commercial real estate side, quarterly returns were all negative in Q1 2023. Especially office space.

California Governor Gavin Newsom (Nancy Pelosi’s newphew). “Watch me make housing values collapse!” Abracadabra!

Published by confoundedinterest17

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One thought on “Bidenville! Case-Shiller 20 Metro Home Price Index Growth Goes Negative (-1.15% YoY In March, Seattle Down -12.43% YoY, SF Down -11.22%) While Commercial RE Price Growth Went Negative Too”

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