Search
Close this search box.

Newsfeed: US Home Prices Tumbled For 4th Straight Month In October

US Home Prices, based on S&P Global’s Case-Shiller data, fell 0.52% MoM in October (the latest data available released this morning), slightly better than the 1.1% drop expected. This slowed the YoY growth 8.64% from 10.4% YoY…

Source: Bloomberg

This is the fourth straight month of declines for home prices.

“As the Federal Reserve continues to move interest rates higher, mortgage financing continues to be a headwind for home prices,” Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in statement.

“Given the continuing prospects for a challenging macroeconomic environment, prices may well continue to weaken.”

Given the lagged response to the surge in mortgage rates, we suspect the Case-Shiller index has some serious pain ahead…

Source: Bloomberg

Miami, Tampa, and Charlotte reported the highest year-over-year gains among the 20 cities surveyed and San Francisco is clinging on with a 0.6% gain…

Source: Bloomberg

…and bear in mind that a lot of the gains in Miami and Tampa were ‘crypto’-driven so brace for those to catch down to San Francisco’s reality soon enough.

 


More From The Real Estate Guys

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.


Subscribe

Broadcasting since 1997 with over 600 episodes on iTunes!

real estate podcast on itunesSubscribe on Androidyoutube_subscribe_button__2014__by_just_browsiing-d7qkda4

 

 


Love the show?  Tell the world!  When you promote the show, you help us attract more great guests for your listening pleasure!

Facebook
Twitter
LinkedIn
Email

Be the first to know when new content arrives!

Explore The Archives

Archives

The Real Estate Guys™ Guests and Contributors Have Been Featured On:

Scroll to Top