The Case-Shiller Home Price index is up 43% since the end of 2019. This unsustainable increase is reversing, and the headlines will read as if another 2008 is upon us.
Exhibit A:
Exhibit A:
Home prices fell 1.05% in August and 0.98% in August. With prices up >12% y/o/y, “plunging” is not how I would describe this. Normalizing seems more appropriate.
While the language might get hysterical, there’s no denying th…
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