US Home Price Growth Continues To Skyrocket (Case-Shiller Up 13.2%, FHFA Home Price Index Up 13.86%)

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by confoundedinterest17

Like other assets in the wild west economy of loose monetary policy and FOMO (fear of missing out), home prices continue to skyrocket.

The Case-Shiller US National Home Price Index is up 13.2% year-over-year in March while the FHFA Purchase-only home price index is up 13.86% year-over-year. All with the help of loose monetary policy from The Federal Reserve.

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Of course, limited inventory of homes for sales is problematic when The Fed continues its loose monetary policy since 2008.

Phoenix, San Diego, and Seattle reported the highest year-over-year gains among the 20 cities in March. Phoenix led the way with a 20.0% year-over-year price increase, followed by San Diego with a 19.1% increase and Seattle with a 18.3% increase. All 20 cities reported higher price increases in the year ending March 2021 versus the year ending February 2021.

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The wild west sheriffs are here to safeguard the financial system.

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