Just how high will housing go in the go-go markets of Seattle, Las Vegas, and San Francisco?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain in February, up from 6.1% in the previous month. The 10-City Composite annual increase came in at 6.5%, up from 6.0% in the previous month. The 20-City Composite posted a 6.8% year-over-year gain, up from 6.4% in the previous month.
Seattle, Las Vegas, and San Francisco continue to report the highest year-over-year gains among the 20 cities. In February, Seattle led the way with a 12.7% year-over-year price increase, followed by Las Vegas with an 11.6% increase and San Francisco with a 10.1% increase. Thirteen of the 20 cities reported greater price increases in the year ending February 2018 versus the year ending January 2018.
Before seasonal adjustment, the National Index posted a month-over-month gain of 0.4% in February. The 10-City and 20-City Composites both reported increases of 0.7%. After seasonal adjustment, the National Index recorded a 0.5% month-over-month increase in February. The 10-City and 20-City Composites both posted 0.8% month-over-month increases. All 20 cities reported increases in February before and after seasonal adjustment.
Students of charting theory, note that these are current dollar prices. When the first peak was hit (late 2006) the dollar had not been “watered down” as much as current levels. So Elliott counts likely still work.
Land of Double Standards
It is like Alice in Wonderland. How deep is the rabbit hole? We got a real kick out of “Criminal Referral Against McCabe, CNN Lives Up to ‘Fake News’ Moniker, Your Calls on Corrupt Liberals..” which popped up on the John Muir show.
UrbanSurvival readers, at least to a certain extent, would agree that this is indeed a land of double-standards anymore. What ever happened to the conservative democrats? The ones who were reasonable and didn’t have pay-for-play schemes and all that?
Democrats of this stripe weren’t the “bad guys” – they were just…people.
Radicals and dividers to the forefront now, the liberal media are trying to circle their wagons. Stories keep popping up about the firewalling of the FBI from “influence” outside the Bureau.
Yet the stories keep coming. Like this morning’s “Obama Justice Dept.’s attempts to influence investigations exposed in McCabe probe” in the Washington Times.
But the problem of “double standards” is much broader than the republican vs. democrat charade in Swampland.
It’s symptomatic of a larger disease…an America that has lost her way. And, of yes, lost core values, as well.
Need an example? Check:
Free Speech Notes
One of our readers drew our attention to what’s going on out in Oregon. “Oregon State Bar’s statement on ‘white nationalism’ draws criticism” reports OregonLive.
A relevant quote, if I may?
“A “Statement on White Nationalism and Normalization of Violence” denounces hate mongering, referencing the white nationalist march last August in Charlottesville, Virginia, and the May stabbing attacks on the Portland MAX train. The bar’s statement calls out a “current climate of violence, extremism and exclusion” that threatens the rule of law and judicial system that serves everyone.”
The OregonLive report does mention that a half-dozen lawyers were granted partial dues refunds. They reasoned (we think correctly) that a Bar has no place in politics.
The O-Bar statement, near as we can figure, will do absolutely nothing to actually change anyone’s behavior. The number of potential perpetrators of violence who read the Oregon Bar’s notes is, by our mathematical modeling, near zero.
Why did they write it, then?
MeeToo‘ism, perhaps? Weak-minded belief in the latest leftist mental squalor about white shame? Who knows?
We do notice, however, that this may be yet-another manifestation of how social media has generated a pernicious national mental disease: Monetizing free speech. Which is really monetizing hate.
To see how this works, go watch the video here. Just the other day, a Texas constitutional law professor ventured into theradical stronghold at CUNY trying to discuss free speech. He was victimized by “organized heckling.”
Watch the video. See how the leftarchists are trying to take down the country? A very cool professor with the patience of Job.
In a civil Nation, people who disagree have the right to leave. Not to go ballistic. Not to shout-down. Disrupt. Heckle. Mayhem.
These later-day Bolsheviks are looking for confrontation, seeking an excuse, to replace civil discourse with violence-provoking hate speech. Head-to-head conflict, it’s the stuff of the Alinskyites.. It’s just like Hitler’s constant search for a martyr to his cause.
The thinking is like “Please confront…please justify us so the revolution can grow...”
Back to point: We would have expected better from the Oregon Bar, but we also understand that Oregon is the original liberal Sanctuary State. Left coast is no joke, you see?
Speaking of free speech – and the New Racism…white-hating and guilt-selling… try this one on for size. In The Federalist: “California Continues To Pioneer The War On Gender While Squashing Free Speech.” As I said.
Reason be damned. We’re a nation of sick MeeToo’ers.
Unable to achieve and compete individually, the social media misfits have packed up like wild dogs and now turn on whoever’s view differs from their pack.
I’m one of those “color blind” folks. Also “sex blind” and “gender blind.”
But ALL OF THESE ARE BEING MONETIZED.
Easy to see. But it’s harder to fix. The way we see it? Politicizing a Bar in an already left-leaning wannabe break away state is a losing proposition.
Or, failing that, can we give away Oregon as reparations?
Terror in Toronto
Two bets here: Psych drugs? And social media radicalization?
A Social Note to Melania
Could Elaine and I please get tickets?
Hell, I’d rent a penguin suite and Elaine owns a gen-u-ine Versace. Tells me it looks better on her than me.
Old News from Peoplenomics
Bitcoin rose over $9,300 this morning. Had you subscribed to our Peoplenomics service, you would have see the call that BTC’s were breaking higher Saturday…
We hope our subscribers who play the digi game enjoy an entry around $8,700.
If you’re not a subscriber. Do the subscription math: BTC $8,700 entry and 4-days later $9,300. For a $40 subscription? Are you kidding? Oh, well.
Market’s Scream Skyward
Dow futures were up 150 with an hour before the open. I clicked out of my short position Monday and made a couple of ham sandwiches worth.
I’m expecting one more good run up into early May before financial sobriety sets in.
Trade Hopes, Maybe?