Housing Bubble Gets Bigger! April Case-Shiller Grows To 14.59% YoY (FHFA Purchase-Only HPI Index Grows To 15.71% YoY)

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by confoundedinterest17

The US housing bubble (again) keeps growing!

According to the S&P Corelogic Case-Shiller national home price index for April, house prices grew at a rate of 14.59% year-over-year. And keeps on growing with M2 Money growth.

The Month-over-month numbers are even scarier. On an annualized basis, the 20-city Case-Shiller HPI is up 19.4% (1.62% * 12).

Where are home prices booming? All 20 metro areas are about 10% growth in HPI, except Chicago. Phoenix leads the nation at 22.3% YoY with Chicago in last place at 9.9% YoY.

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Again, lack of available inventory, lack of new supply due to rising costs, and The Fed flooding markets with liquidity.

Will The Fed keep on printing? And is Fed Chair Powell the real Green Man?

 

 

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