US House Price Growth Slowing … A Bit … As Fed Slows M2 Money Growth (Slow Stimulus Withdrawal)

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by confoundedinterest17

John Burns consulting has this interesting chart showing a slight slowdown in home price growth. But HPI growth is still growing strong. At 17% YoY in June.

The Case-Shiller National home price index, growing at 14.6% Yo is lagged with reporting only as of April. But you can see the slowing M2 Money Stock YoY. Although M2 Money stock is still growing at a sizzling 13.84% YoY as of May.

So if John Burns is correct, then we should see an increase in the next Case-Shiller report for May, then a slight slowdown in Case-Shiller’s June report.

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But if we look at new home prices (net of incentives), we see a 20% YoY price increase (Source: John Burns)

And the housing pump is primed with the lowest REAL 30-year mortgage rate since 1975.

Here is Fed Chair Jerome Powell talking about The Fed’s monetary policies and housing bubbles.

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