US Home Prices Drop -0.25% MoM In June (New York And Chicago Biggest Gainers In Price, San Francisco And Tampa Biggest Losers)

#bubble, #inflation, CMBS, CRE, Credit, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Yellen 1 Minute

Home prices in America’s 20 largest cities fell for the 4th straight month in June (the latest data available from S&P CoreLogic’s Case-Shiller data released this morning).

The -0.25% MoM drop was larger than expected and dragged the YoY price growth down to +2.15% – the weakest since July 2023.

Meanwhile The Federal Reserve keeps on printing money, helping to drive up home prices.

,Metro level? New York and Chicago lead, with Phoenix, Miami, Denver, San Diego, Dallas, San Francisco and Tampa all experiencing price declines.

On a side note, Chicago is even more unaffordable than last year. So much for Mayor Brandon Johnson saying there would be no crime if everyone could afford housing (one of the stupidest comments I have ever heard).

The stupidity is strong with this one!

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Published by confoundedinterest17

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