Just out from Case-Shiiller/CoreLogic/S&P:

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.5% annual gain in November, up from 3.2% in the previous month. The 10-City Composite annual increase came in at 2.0%, up from 1.7% in the previous month. The 20-City Composite posted a 2.6% year-over-year gain, up from 2.2% in the previous month.
Phoenix, Charlotte and Tampa reported the highest year-over-year gains among the 20 cities. In November, Phoenix led the way with a 5.9% year-over-year price increase, followed by Charlotte with a 5.2% increase and Tampa with a 5.0% increase. Fifteen of the 20 cities reported greater price increases in the year ending November 2019 versus the year ending October 2019.  

The National Index posted a month-over-month increase of 0.2%, while the 10-City and 20-City Composites both posted a month-over-month increase of 0.1% before seasonal adjustment in November. After seasonal adjustment, the National Index, 10-City and 20-City Composites all posted a 0.5% increase. In November, 13 of 20 cities reported increases before seasonal adjustment while all 20 cities reported increases after seasonal adjustment.
“The U.S. housing market was stable in November,” says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. “With the month’s 3.5% increase in the national composite index, home prices are currently 59% above the trough reached in February 2012, and 15% above their pre-financial crisis peak. November’s results were broad-based, with gains in every city in our 20-city composite. “

Ure’s 2-bits worth?

Sure, since you asked (or you’re dull-witted and not keeping up with class…)

Note the price of a home in 2007 was around $180,000. inflation adjusted is $221,983 today.  And, since the real price of homes on the national average was a little below that (looks like around $213,000, or so) we’re pretty sure Housing hasn’t been a HUGE winner over the past 13-years.

On the other hand, you have to have a place to live, and you wouldn’t save a dime (more than likely) if you didn’t have a house payment, so it’s all good.

It’s just the “social conveyor belt” is really worn and needs a kick-start.

After all this data, Dow futures still saying +130 at the open, so enjoy…