As we’ve been telling you, with Housing loan rates in the 7.9 to 8.1 percent range (depending on military service, credit scores, lenders and yada, yada, we know that net cash to sellers is going down. So, it’s only reasonable that prices would be along in kind.
“NEW YORK, DECEMBER 27, 2022: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for October 2022 show that home price gains declined across the United States.
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 9.2% annual gain in October, down from 10.7% in the previous month. The 10-City Composite annual increase came in at 8.0%, down from 9.6% in the previous month. The 20-City Composite posted a 8.6% year-over-year gain, down from 10.4% in the previous month.
NEW YORK, DECEMBER 27, 2022: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for October 2022 show that home price gains declined across the United States. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/.
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 9.2% annual gain in October, down from 10.7% in the previous month. The 10-City Composite annual increase came in at 8.0%, down from 9.6% in the previous month. The 20-City Composite posted a 8.6% year-over-year gain, down from 10.4% in the previous month.
Miami, Tampa, and Charlotte reported the highest year-over-year gains among the 20 cities in October. Miami led the way with a 21% year-over-year price increase, followed by Tampa in second with a 20.5% increase, and Charlotte in third with a 15% increase. All 20 cities reported lower price increases in the year ending October 2022 versus the year ending September 2022.
MONTH-OVER-MONTH
Before seasonal adjustment, the U.S. National Index posted a -0.5% month-over-month decrease in October, while the 10-City and 20-City Composites posted decreases of -0.7% and -0.8%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month decrease of -0.3%, and the 10-City and 20-City Composites both posted decreases of -0.5%.
Looking at the long-term actual prices, one has to wonder if some kind of short-to-medium term peak is in.
Getting almost no play (because it’s not in too many people’s interests for too many facts to surface): The Federal Reserve’s key October to October monetary decline nearly mirrors the 25 percent decline in our Aggregate Index from 2021-2022 on a whole-year basis.
See here: Reserve Balance Oct. of 2021 was 4,180.6 billion (i.e., $4.1 Trillion) while the just released data puts this year’s reserves in the $3,055.7 billion (just over $3-trillion) range.
With another hike likely ahead, barrels of fun are sure to be had by all.
NOT.
TRENDING: Charlie Munger: Stop complaining about wealth inequality, life quality (cnbc).
Write when you get rich,
George@Ure.net
HAARP is doing something you and others here may be able to participate in George –
https://spaceweather.com/
HAM RADIO OBSERVING OPPORTUNITY: Ham radio operators may be able to detect today’s HAARP radio transmission to asteroid 2010 XC15. HAARP will be transmitting at 9.6 MHz from 1100 UTC to 2300 UTC. A thickening ionosphere during the 2nd half of experiment may allow the signal to be detected far away via ionospheric skip. Here are some technical details from the University of Alaska. If you record an echo, please let us know.
HAARP IS PINGING AN ASTEROID TODAY: Researchers from NASA and the University of Alaska are about to perform an unusual radar experiment. They’re going to ping a near-Earth asteroid using shortwave radio. The target is a 500-ft-wide space rock named “2010 XC15.” When it passes by Earth on Tuesday, Dec. 27th, the HAARP array in Alaska will hit it with a long pulse of 9.6 MHz radio waves.
I put one receiver on
9.599,800 USB, and the other on
9.600,200 LSB (“dial”)
Widest filters.
Total intercept bandwidth maybe +/- 8kHz.
..anything much wafts this way, I oughtta hear it.
Even at dead zero-beat.
Thanks for the link!
– 73 –
@17:12 Z
??????????????…
now that Pings a scary note scarier than numb nuts as president.
HAARP… pinging a near earth object????Lol lol they are nuts after all…lol lol
if they’ve ever been in an mri or used a microwave.. once… they would nix that brain child in the butt lol lol lol.. what morons…
A five hundred foot rock the size of a city street block.. here is what one a hundred times smaller does..
https://youtu.be/gRrdSwhQhY0
obviously they never read any of the research papers on microwave thrusters.. or thought much about the affects of a radio pulsed thrust would have on an object in a vacuum.. I would have thought that someone that is suppose to have some credentials would think about this and maybe doing a test before … why not just run on up there strap a dammed belt around it or duct tape a couple of rockets to the stupid thing.. to ping it with an ion thickening bounce.. @^%$ lets play space pong why not.. change the fragile course of a metiorite.. a few hundred feet..
this would be a whole lot safer for them to play with..
https://freepong.org/
Scrolled upon this and wondered if you had read Yellen’s book. I would love to hear your thoughts about it.
https://www.instagram.com/p/Cmm3SRbvUl8/?igshid=MDJmNzVkMjY=
Btw, I know the author is Jon Hislenrath but the folks at the Fed like it and Janet’s pic is on the cover … it’s Yellen’s book.
Never really thought about it but I guess if people shouldn’t cross borders because of Covid, missiles shouldn’t either … might have Covid on them ?
https://news.yahoo.com/north-koreas-weapons-programme-defies-120400867.html
Haven’t read anything about missiles being “sold or given” which were disinfected prior to shipment … maybe they are. Who knows? – damn, so many hypocrites.
“Never really thought about it but I guess if people shouldn’t cross borders because of Covid, missiles shouldn’t either … might have Covid on them ?”
lol lol lol otfmao… you missed the new study that they had done..
the fabrics most commonly used in women’s clothing has a tendency to carry the civic virus…
I am amazed the govt. hasn’t posted women must strip before entering govt. facilities signs…
Covid virus
Hey Wordslinger, greetings from the frozen North. After (3) days of cabin fever we dug out (mostly by hand) through 30-36″ wind-drifts and went to the big city for a fam. dinner last eve. This requires skating at <30 mph in my very winter capable full size SUV for the final mile (15+/-) nearest home. Climate will have to change (it will, that's what climate does) before I try it again.
I'm still in pre-planning stage irt solar panel install but, thought to mention, for those keeping score at home, this is day 14 of zero gain here unless one went out in the (72) hour blizzard to sweep snow from their array. Or, one needs a sacrificial (as to power) set of heat tapes (which is still something I am considering).
The lake out front has been making ice for the last couple days, half hard frozen as I type. The other half is wind disturbed and/or kept liquid by a bazillion ducks, geese and swans who are late to migrate. Now where are those plans for a DN Iceboat?
blah, blah, blah …
Egor
ps – nice run in metals of late. Wonder when the 2011 high gets taken out? I can wait
I thought you’d be fairly well buried.
At least SW Lower Michigan isn’t Buffalo, where a friend reported that the snow had buried her 7 foot fence…
Nostradamus circus stuff at the New York Post.
“According to Nostradamus, the antichrist is coming to wage war and possibly post selfies.”
https://nypost.com/article/nostradamus-predictions-2023/
Witch one ?
Did they ask Stu?
Didn’t think so…
I wonder what Nostradamus would think about folks 500 years in the future, applying their political biases to a bastardization of his writings, to preach the communist agenda?
, or just pull that out of their asses…?
LOL LOL I hope it works.. I get a thousand calls a day.. all scammers.. LOL lately I have been answering the phone .. tonight when they started the script .. I said account number.. or last name last four of your social security number..
imediately they said I am sorry I will add you to the dnc list LOL LOL
Me thinkest thou LOL’s too much. …. LOL!
I think it worked.. last night at supper time.. it was the first time in over a year that there wasn’t one call..
I wish there was a way to back charge a spam callers phone system.. lets say a dime..
The journalist Jack Murphy claims that the US is conducting clandestine operations against a foreign competitor, based on a finding signed by Obama while in office. That finding has since been utterly and absolutely discredited as being a part of an ongoing partisan Stalinist domestic regime change scheme.
In the eye’s of the OGA leadership, Obama is still the king they serve. O’Biden is just a placeholder for the Deep State, who await the return of their beloved despot. This is all starting to sound very Stu-like.
Martin Armstrong put out a book some time ago about how the Clintons had REAL plans to take out Russia and take her over and that such plans are still active and on-going. I forget what it’s called but I think it was referenced in his last interview with Greg Hunter in the last week or so.
https://www.armstrongeconomics.com/armstrong-in-the-media/interview-world-first-the-plot-to-seize-russia-war-propaganda-and-more/