Tag Archives: S&P CoreLogic Case-Shiller Home Price Indices
Measuring Home Prices
Compared to stock and bond markets, where prices update continuously throughout the trading day, the value of residential real estate is hard to observe; and while one buyer’s shares of stock XYZ are interchangeable with another’s, houses are not similarly fungible. Yet the value of an investor’s house is often a significant component of his…
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Housing Slows
Sales of new and existing single-family homes have fallen since their recent high in November 2017 while pending home sales are flat to down so far this year. Starts of new single-family homes are volatile but also remain below the peak seen at the end of 2017. Recent press reports of declining activity in several…
- Categories Blitzer's Insights, Fixed Income, Strategy
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Bubbles and Housing
Home prices nationally are rising two to three times faster than inflation. They are up 5.5% from a year ago with some cities rising at double-digit rates. Looking at the chart of the S&P Corelogic Case-Shiller Home Price Indices, many are wondering if we’re in another housing bubble. While prices are rising, the following charts…
- Categories Blitzer's Insights, Equities, Fixed Income, Strategy
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