Today, in the Newsletter: House Prices Increase Sharply in July
Excerpt:
This graph below shows existing home months-of-supply (inverted, from the NAR) vs. the seasonally adjusted month-to-month price change in the Case-Shiller National Index (both since January 1999 through July 2021).
In July, the months-of-supply was at 2.6 months, and the Case-Shiller National Index (SA) increased 1.55% month-over-month. The black arrow points to the July 2021 dot.
