US Home Price Growth “Slows” To 18.81% YoY With Phoenix AZ At 32.2% (Simply Unaffordable!)

Sharing is Caring!

by confoundedinterest17

Happenings two months ago. The Case-Shiller home price index is out for … November 2021.

The Case-Shiller National home price index “slowed” to 18.81% YoY in November as The Fed continues its monetary stimulypto. Notice that The Fed is easing even when there is limited inventory available. Result? Hideous home price inflation.

Which metro area is growing the fastest, making housing even more unaffordable for renters? Phoenix AZ is growing at a 32.2% YoY clip while Washington DC is the slowest growing metro area at 11.1% YoY. The second faster growing metro area in Tampa FLA.

See also  US Credit Default Swap Price 1Y Remains Elevated As Clueless Joe Defies Republican Budget Cuts, US Treasury 2Y-3M Yield Curve Inverts To Lowest In History

Phoenix AZ is growing at the fastest rate in the nation as The Fed still has its monetary stimulus at FULL SPEED AHEAD.

Let’s see if Fed Chair Powell decides to raise rates and let the Fed’s balance sheet run-off.

 

 

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.