Home Prices

Our Inflation Nightmare Will Flatline in Six Months

Thompson Clark | |

Investors are running scared.

Chalk it up to the August CPI reading, which prompted a brutal sell-off on Wall Street last Tuesday. Stocks suffered their largest one-day drop in more than two years.

Why? The market took a “glass half empty” view of positive news: The headline inflation rate decreased from 8.5% in July to 8.3% in August.

As you can see, inflation has continued to trend downward since peaking in June:

New Zealand's Success in Fighting Coronavirus Causes Skyrocketing House Prices

AP News | |

New Zealand’s success in battling the coronavirus has unleashed an unanticipated problem: skyrocketing house prices.

When the pandemic first hit, most experts predicted house prices would fall. Instead, prices have risen by more than 19% over the past year, putting them out of reach for many people wanting to buy their first home.

The government, which has come under increasing criticism for its response to the housing squeeze...

Home Prices Rise 7.9% in October, Biggest Jump in More Than Six Years

AP News | |

U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows.

That combination of strong demand and limited supply pushed home prices up 7.9% in October compared with 12 months ago, according to Tuesday’s S&P CoreLogic Case-Shiller 20-city home price index. That’s the largest annual increase since June 2014.

US Home Prices Up 3.5% in June, Continuing To Withstand Pandemic

AP News | |

U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face of the coronvavirus pandemic.

The S&P CoreLogic Case-Shiller 20-city home price index rose 3.5% in June from a year earlier, down from May’s 3.6% increase and slightly below economists’ expectations.

Phoenix led the way with a 9% increase followed by Seattle (up 6.5%) and Tampa (up 5.9%). But...

US Home Prices Rose 3.7% in May, Resilient in the Time of Coronavirus

AP News | |

U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak.

The S&P CoreLogic Case-Shiller 20-city home price index rose 3.7% in from a year earlier. That’s a drop from the 3.9% increase in April and it was a smaller gain than economists had expected. Still, home prices have risen steadily despite the pandemic and lockdowns that have badly damaged the American economy.


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