Housing Rolls On

by

But, seriously, what did you expect in a much-higher-than-acknowledged inflationary environment?

“S&P CORELOGIC CASE-SHILLER INDEX RECORDS
4.2% ANNUAL GAIN IN AUGUST 2024
NEW YORK, OCTOBER 29, 2024: S&P Dow Jones Indices (S&P DJI) today released the August 2024 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 4.2% annual gain in August 2024, a slight decrease from previous levels in 2024.

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 4.2% annual return for August, down from a 4.8% annual gain in the previous month. The 10-City Composite saw an annual increase of 6.0%, down from a 6.8% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 5.2%, dropping from a 5.9% increase in the previous month. New York again reported the highest annual gain among the 20 cities with an 8.1% increase in August, followed by Las Vegas and Chicago with annual increases of 7.3% and 7.2%, respectively. Denver posted the smallest year-over-year growth of 0.7%.

MONTH-OVER-MONTH
The pre-seasonally adjusted U.S. National Index, 20-City Composite, and 10-City Composite upward trends reversed in August, with a -0.1% drop for the national index, and the 20-City and 10-City Composites saw -0.3% and -0.4% returns for this month, respectively.

And a look-see at the prices chart:

Yep, life in the un-pegged to gold, made-up-money (on demand) world.  Can’t live with it; can’t live without it.

Write when you get rich,

George@Ure.net

54 thoughts on “Housing Rolls On”

  1. Seeing the future years in advance.

    The Rogan Interview of Trump was envisioned years in advance by both Cliff High and the Future Forecasting Group’s panel of remote viewers in some detail. (and for Cliff High is a time marker about other events to come)

    The fact that both methods of “seeing” the future seem to have been accurate is a fascinating revelation as to the meaning of “Time” and “Human Sensitivities” to events that have not yet occurred in our normal understanding of time.

    A video by Dick Aligire of the Future Forecasting Group discussing their remote viewing of Cliff High’s event of the Joe Rogan /Donald Trump interview prior to it happening

    The REAL STORY About Remote Viewing Trump On The
    Rogan Podcast – video date 10/27/2024
    https://www.youtube.com/watch?v=CmhftQ_TURg

    Cliff High’s discussions of the upcoming Joe Rogan /Donald Trump interview as an “Inflection Point” in history. Cliff’s data initially indicated the event occurring starting in 2009 but without names and later it became clear Joe Rogan and a President was who the interview was with, later data indicating that it would be Donald Trump.

    39 Days to Melee – video date 10/15/24
    https://clifhigh.substack.com/p/39-days-to-melee

    Notification from Universe – video date 10/24/24
    https://clifhigh.substack.com/p/notification-from-universe

    The videos of when the Future Forecasting Group first did their look at the “event” that Cliff High’s data was showing – the Joe Rogan /Donald Trump interview – video dates Sept 2020

    Part 1
    https://rumble.com/v3y2vz4-clif-highdick-allgire-rving-a-joe-rogantrump-interview.html

    Part 2
    https://rumble.com/v3y2zd7-clif-highdick-allgire-rving-a-joe-rogantrump-interview-pt-2.html

    Actual Joe Rogan /Donald Trump interview from 10/25/24 (3 hours long)

    Joe Rogan Experience #2219 – Donald Trump – video date 10/25/24
    https://www.youtube.com/watch?v=hBMoPUAeLnY

  2. Houses are still flying off the shelf. Six doors down an open house was held 10/5 with no activity since. Yesterday a sold sign was propped up. 3 weeks from list to deposit.

      • In Star Trek, cloaking devices allow ships and other objects to become undetectable—both visually and to sensors.

        • Folding space time. Once we learn the secret, everyone will be blinky blinky. That’s is, if it hasn’t already been supplied to their Earth liaisons. LoL.

    • Not sure if it was real, but if it wasn’t, it was the best action adventure special effects ever. That was good enough for the big digital sound screen at the theatre.
      And those folks picked a good day to be prepared to make a premature exit from a perfectly good aircraft.
      Watch more closely D’Lynn. A jet plume straight down is visible for a fraction of a second as the bogey exits stage up, indicating a reaction drive, with some sort of inertial dampening tech. Why inertial dampening ? Anything in a reaction-drive craft under that acceleration would have been squished flat without something to take the M out of F=MA in the equations.

      • throughout history there has been mention of the watchers, or guardian angels… I personally believe in guardian angels. .to many times when I was at my lowest … someone totally unknown or decades prior jumped to help.. I know when I hear the whisper I’m going to do what I can..
        then there was soddom and Gomorrah..
        so many times we have read or heard of sightings over military ..the earth is kind of rare.. do they or thinkibg about that have they stepped in in the past to thwart destruction of the earth by morons..

    • Clif High said the Rogan-Trump interview was the temporal marker for the start of ‘Sci-Fi World’ and that UFO sightings would increase and go mainstream.

      • Polled another venue and vote was split between a movie excerpt and a Tik Tok deal. That clip has been making the rounds. The camera work and the dialogue in the plane looks professional. The camera pans and the people in the seats say their lines clearly as they move into the camera frame. Too calm, orderly and well groomed.
        On a plane in trouble (or especially going down); everyone waves their arms in the air and screams obscenities, just like on the comedy movies, but not quite as comical. Been there once. Myself and the Sister across the aisle were the only ones with our hands in our laps, but she was doing the beads. I had pretty much resigned myself to being dead in another 15 seconds. Pilot and plane got lucky.

        • “Too calm, orderly and well groomed.”

          Keep in mind that skydivers stare death in the face on a regular basis. I have flown for skydivers, and it takes a LOT to rattle them.

        • Woman dies after backing into plane propeller while taking photos…

          A 37-year-old Kansas woman was killed after she backed into a plane’s spinning propeller while trying to take photos, officials said.

          Amanda Gallagher, a photographer, was on the plane to snap photos of skydivers on Saturday afternoon, and she rode the plane back down after the skydivers jumped, according to Air Capital Drop Zone, where the incident took place.

          https://abc7ny.com/post/woman-dies-after-backing-plane-propeller-taking-photos/15484000/

        • (“Too calm, orderly and well groomed.”
          Keep in mind that skydivers stare death in the face on a regular basis. “)

          I had been hounded by friends in the seals.. they kept after me to join them and talked me into sky diving… those silly geese wanted me to jump out of that perfectly fine airplane lol lol..they laughed and had a great time..
          I can say that I never once was scared when they dragged my fat ass through some really sketchy neighborhoods lol lol..
          NOW..I can say that NAVY divers .. they are brave as seals but…I think some of them had to much oxygen or nitrogen or something..some of them are just touched a little bit..

      • I personally don’t fear activities being done by the UFOs for my simple reasoning.I believe that they are here to thwart the world destructive activities of the morons trying to destroy the earth..the watchers ready for intervention if needed..

  5. Brilliant distillation of current events and the continuous brainwashing many folks are unable to transcend.

    The home insurance market in CA has been a canary in the coal mine in 2024, it’s been like this for months in certain areas, the mainstream media mostly ignoring it. I heard about this at a conference in April when I was chatting with insurance person.

    https://youtu.be/jX9EkEc5T_8?si=WOEJZgyyt__0xR19

    https://www.yahoo.com/news/california-homeowners-see-400-insurance-104557592.html

    • The property insurance crisis in California is one of their own making.

      California has actually PREVENTED the remediation of wildfire risks in much of the state because of the efforts of the Ecology NUTS who won’t allow the thinning or removal of flamable vegetation to occur at the levels necessary to reduce the risks.

      Add to that and people wanting to build out in the “beautiful wilderness”, and yep in California you can actually be in the city and have wilderness out our back door, and VOILA the combination becomes a potential firestorm when THE INEVITABLE FIRE finally comes through (ALL wilderness areas in a seasonably dry climate like California has WILL EVENTUALLY BURN … it is the nature of Nature!!)

      Add in the further situation of Californians planting highly combustible plants right next to buildings, you know, the type of plants that stay green even in a drought, which is an every year seasonal thing there. The reason they stay green is because they are filled with OILS, oils that BURN … and voila, you just put a primed and ready to go to work flame thrower next to your building!!

      Finally ADD TO THAT … the attemps by California Regulators to FORCE the insurance companies to sell insurance for amounts WAY BELOW their actual actuarial risk levels in much of the state, which encourages people to not properly price their living costs for living in such high risk areas … and you have created a perfect Insurance Storm for California.

      I have only seen one of those massive California Wildfires, but let me tell you it was scary. Went from a small illegal campfire that go into some dry grass about 10 in the morning (we had driven right past where it started about 10 minutes before it started) to being a multi 10’s of thousands acres monster by 4:30 in the afternoon when we were trying to outrun it across the Sierra’s near Columbia (and the police at each roadblock said to us “Do NOT STOP until you hit the desert … this thing is coming this way at 30 mph! and can’t be stopped”. A clone in many respects in it’s growth speed, size, and moving speed of the Paradise fire from a few years ago.

      Time for Califonians to get real about where they want to live and how much it is going to cost them if there is greenery anywhere around them.

      • S2 I have seen media of Cali and Hawaii fires where only house and cars are burnt while trees and vegetation unharmed. ??

        • Actually happens everywhere, even here in the midwest.

          The reason is the hot gasses start swirling around and most eves that hang over CATCH the really hot air, which starts a few feet above the gound … and voila the eves catch the underside of the roof on fire which then consumes the house though vegetation nearby was only scortched not burned. The remedy for that is to make sure your eves don’t serve as heat catchers but will spill the heat out and up if hot gasses hit the wall … talk to your architect on how to do that. (remember the REALLY HOT part of a wild fire is NOT on the ground but a few feet above it … which is why trapped firefighters can survive a firestorm by getting on the ground and throwing their fire blanket over them to keep the radiant heat from baking them).
          Also keep in mind that it takes a LOT more heat to catch solid wood on fire than our preferred construction material of particle board and plywood. Talk to any firefighter who has been in the business for 40 years and you will get an earful about how they could easily save older houses that used solid wood, sometimes with very limited damage, but for the same size fire they will generally lose a building made with composite wopd beams and particle board.

          In addition the radiant heat from the hot gasses can heat up drapes etc. near the windows which then FLASH into a fire inside. The solution for that is of course outside metal shutters, or some other design feature that keep the radiant heat from entering the house through the windows. Aluminum foil on the windows on the inside might work too … not sure how you would attach it though so it wouldn’t detach when the radiant heat really heated up the foil.

          In serious fire country everyone should build their buildings to fire resistant. In the Paradise fire virtually all NON fire resistant buildings burned, but the fire resistant buildings even right next door mostly survived (I think it was 90% of the fire resistant buildings survived but only 5% of the non fire resistant buildings survived). This should be a building code issue in wildfire areas … but alas people HATE building codes since they raise the cost of building.

    • we seen increases across the board.. I have two of the kids in the industry…( that I find hilarious because I hate insurance companies… the vast majority of our income goes out for insurance and medical)
      as people pull back prices have to go up.. it’s all a business model.. if wages stay the same and prices are going up…eventuly what’s an essential will become the priority..
      my kids have mentioned ( to each other they know what I think of the industry) that they are afraid as more and more companies are working from home.. that as costs increase will they drop insurance coverage..

    • ??????????
      it’s the business model…when I worked for one company.. there were to many claims..they dropped the whole zip code.. just like the medical industry.. when my one daughter was young her best friends dad was the second in demand at a regional hospital.. anyway they downsized his job was cut..he felt insulted because the only offer he got was for a half million a year wage..I made 3.00 an hour.. most companies to insure their upper positions are guaranteed is they cut from other jobs.. we called it the annual witch hunt..
      brick and mortar costs are constant wage is the only flexibility a company has.

      • that works at home to..
        insurance is gambling ..you buy insurance betting that you may need it.. they calculate the odds betting you won’t..
        banks force you to have it for their protection. I was spending 800 a month on homeowners and auto insurance now I saved some going through the daughter and only pay 550.00 a month with taxes i pay out close to a thousand dollars a month.. in the event prices go any higher I will be forced to cut a huge chunk of that out..that’s what the daughters are concerned over..income isn’t going up.. as prices increase there’s only so much you can do..if you don’t have it.. you can’t fix it.. a company only has wages as the flux.. to guarantee that some schmuck making a couple thousand an hour the company has to make many times that to justify that expense..there’s only so much you can cut from the bottom before work isn’t getting done.. that is why I can still see face prints of myself at 34 on window panes.. it’s why medical facilities went carpet rather than tile.. it hides the dirt.. so they can cut housekeeping staff..at some point that will have to change or cut the expense of the joker making 4 grand an hour plus..or make him put the stupid pencil down and go to work..
        thats where the old industry leaders excelled..
        one window and door manufacturer.. noticed that single parents missed more work.. after checking it out..if their child was ill..the child had to stay home daycare wouldn’t allow them..
        so.. after checking it out it was more profitable for him to hire someone to have a sick daycare and daycare..bussing to schools etc. attendance was solved..by taking a lower wage he still profited but had the love and admiration of his employees.. they were a company family.. he still got wealthy .. the bigger issue was employees didn’t want to leave. my father retired to get younger employees the colonel had an even up and out retirement plan.. the colonel knew his employees.
        the son of a retailer I worked for was training his son to take over the company chain..the kid drove up in a car that cost more than anyone working there could afford..we overheard the dad chewing the butt of the kid telling him never flaunt your prosperity only drive a car that the highest paid employee can afford to drive..
        he drove a car exactly like my fathers..
        Sam Walton of Walmart fame..he did things exactly how the colonel did..a young lady I worked with went to work at Walmart when they first was going to open the store manager loved to berate her rise her ass every day..one early morning she just had her daily ass chewing and was sticking shelves and broke down crying.. the little old man next to her said what’s wrong honey..where she unloaded her burdens.. what she told me was the man then said..oh honey he isn’t Walmart material. who she vented with was none other than Sam..she just retired from walmart..
        the owner I’d the retail chain I worked for made it a practice to stop in one of his stores once a week help finish up then we would sit on the steps and visit..great man the kid isn’t near the man his father was..

  7. George,
    Mortgage rates are tied to Ten Year Notes and are approaching 7%, making home buying at current valuations generally impossible for first time buyers. This is not good news for home builders and construction workers. Supply and demand market forces are causing increased interest rates for the US ten year note. “Smart” investors are exiting the equity market prior to the 5 Nov crash and buying short term treasuries. The purchase demand for ten year notes is considerably less than short term debt requiring higher yields to sell those debt instruments. The 3 month minus ten year yield, which has been inverted for an historical 2 + years, narrowed to -0.42 on 28 Oct. That value will be positive on 5 November. The global asset debt macroeconomic system and its global composite equity daily, weekly and monthly valuations are self ordering and have essentially nothing to do with the political election outcomes and everything to do with bad debt load relative to overvaluation of (equity, commodity, and crypto) assets and to a declining number of jobs at the bottom of the pyramid which decreases support for further system debt expansion. A great transfer of wealth will occur on election day that most will likely wrongly ascribe to election outcome jitters. A relief equity rebound after the election will be transiently ascribed to the voters picking the ‘right’ candidate.

  8. Treasury Secretary Janet Yellen unveiled a plan Tuesday designed to ensure more Americans have bank accounts and affordable credit, outcomes that she argues will create a stronger and more equitable economy
    First on her list of objectives embedded in a 35-page “national strategy for financial inclusion in the United States” is finding more ways for governments and financial institutions to encourage people to open transaction accounts at banks backstopped by federal deposit insurance. [ Point: The FDIC can’t begin to cover the current banking deposits. They are a joke.]

    Just 2.1% of white households lacked a bank account in 2021, 11.3% of Black households, 9.3% of Hispanic households, and 6.9% of American Indian or Alaska native households lacked an account, according to the FDIC survey. [ Point: This is based on three year old data.., and – no data on Asian households.]

    Treasury is proposing that the federal government work with local governments to encourage people to open accounts when they get new jobs, a government payment, or a tax refund.

    Don’t know about you – but the little hairs on the back of my neck are standing up and small voice is telling me to start closing all of my banking accounts. Paranoia runs deep when the government starts a social-outreach & messing with the banking system, which is already on borrowed-time.

    • Would be more concerned with all the $ in Money Market accounts. 1st they passed the Bail In law – screwing over the Peeps,AGAIN.
      See new regulations/law regarding GATING of Money Market cashish holdings from Owners..and its GONE!

      SB&Tattooed!

      • Money Market funds by their very structure provide for “Bail Ins” … since you are buying or selling a percentage of the portfolio, NOT an actual amount of Dollars.

        Back in the 2008 crash several Money Market funds were short of being able to be redeemed at 100% value, but intially not too many. Suddenly though the Shit Hit The Fan for the funds that were heavily invested in GE paper, the issuer of largest amount of Commercial Paper by a single issuer out there, since GE essentially became bankrupt almost overnight and the Commercial Paper market (which is where money market funds invest their money) for GE Commercial Paper LOCKED UP.

        GE had a little bank buried somewhere in it’s structure in NY state, only had 3 locations in some small town upstate I seem to remember from when at one point in time they thought about doing consumer credit which they didn’t go into but had never gotten rid of, and the FRB used that little entity to funnel literally overnight well over $100 billion dollars ($250 to $400 billion sticks in my mind) to GE to keep it afloat so it’s Commercial Paper wouldn’t collapse.

        If GE’s Commercial Paper collapsed it would have taken down and locked up the entire Commercial Paper market and would have broken the value of MOST MONEY MARKET FUNDS and made them lack the cash to pay their “investors”.

        BAIL IN CITY in other words would have been the result for virtually all Money Market Funds if the government had let the GE Commercial Paper lock up continue for another few hours.

        Yep … Money Market Funds CAN have “bails in” occur with them, and there is NO insurance of any kind to protect the value of those funds.

    • You all will have a digital asset wallet with your bank of choice. Looks like Yellen doesn’t want losses from people crossing into self custody wallets. Talk about a poker tell. $ collapse is dead ahead folks.

    • A checking account is always a good idea, if for no other reason than it boosts one’s credit score. The Agencies look at whether you’ve had it at least 6-mos, and when (and how often) you’ve been overdrawn. It is like pulling teeth now, with the stupid “automatic opt-in” regs, but I got mine set up so I cannot overdraw, and a checking account can’t tap a different account to satisfy an overdraft (“overdraft protection”). My account never hits zero, but if it ever did, it would go to zero, then stop.

      For folks who don’t want one (like one of me daughters) I tell them to select the free account, put $20 in it and forget about it. $20 for 20 points of good credit and a “plus-1” toward qualifying for that “Real ID” whenever it’s actually implemented is damn’ cheap insurance…

    • hmm ..so if they have a bank account they have better credit … that will fix the rare disease…
      lacocash …lol lol
      sounds like the one cackling Cammy had where if you own a lawn mower…
      in the past administration would give tax rebates and stimulus checks .. puts a temporary bandage on the econo.y.. this administration couldn’t put a bandage on it with what they have been doing..
      I have no idea how they can fix this.

      • It’s a weird field — Have a nephew who did “credit restoration” for a while. Checking account (but not savings or MM, or a CD), historical utility bill (gas, electric, water, but not phone or cable), can’t remember any others, but these two bump credit rating.

    • Talk about shorts getting wrecked ?

      You see 3 israHell linked ships getting takeng out by Houthi’s today ?

      here is their latest message/warning to the zio regime – https://twitter.com/i/status/1850530454601875866
      This is vid of one of the hits today – quite the mess in the red and arabian seas -https://twitter.com/i/status/1850991589138514063

      Bunch of towel headed camel jocks taking it to the big bad US rainbow war machine.

  11. NASDAQ …. and yes, all time highs .. finally ……. as expected

    The game goes on …… up, up and up

    the more gloom and doom the higher the markets go

    good luck to all

    • NASDAQ smasdaq – You see GOLD today ? You see Bitcoin today?

      Gpops going to pissed today..@*#$%!@&*^!

      2 Individual assets that give that provide the holder a Modicum of freedom..at least as much as is possible in a Soul Prison.

      Looks my Freedom quotients be Going Up !

  12. check it out. on September 27th, Biden and Harris team passed a secret law that authorises them to use US military ->lethal force<- against US citizens incase of a percieved insurection, act of war, declared or not.

    in the case they win by cheat or not, or if they dont win and constest the election, if there is any kind objection

    it authorizes them to use the US military lethel force against its own citizens.

    https://x.com/j_isgr8ful/status/1851236323262415160?t=zMrFvzFz3eHkzBjhse8uew&s=19

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