Housing Shows Biden Inflation

Just in from S&P:

NEW YORK, MAY 28, 2024: S&P Dow Jones Indices (S&P DJI) today released the March 2024 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices shows that all of the major metro markets reported month-over-month price increases.

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 6.5% annual gain for March, the same increase as the previous month. The 10- City Composite saw an increase of 8.2%, up from a 8.1% increase in the previous month. The 20-City Composite posted a slight year-over-year increase to 7.4%, up from a 7.3% increase in the previous month. San Diego continued to report the highest year-over-year gain among the 20 cities this month with an 11.1% increase in March, followed by New York and Cleveland, with increases of 9.2% and 8.8%, respectively. Portland, which still holds the lowest rank after reporting three consecutive months of the smallest year-over-year growth, posted the same 2.2% annual increase in March as the previous month.

MONTH-OVER-MONTH
The U.S. National Index, the 20-City Composite, and the 10-City Composite all continued their upward trend from last month, showing pre-seasonality adjustment increases of 1.3%, 1.6% and 1.6%, respectively. After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0. 3%, while the 20-City and the 10-City Composite both reported month-over-month increases of 0.3% and 0.5%, respectively.

As usual, the best investment most people every make is their primary home.  Prices still going skyward:

All of which argues, we think, for September for any rate hike hopes.

Write when…blah blah…

George@Ure.net

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George Ure
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5 thoughts on “Housing Shows Biden Inflation”

  1. Inflation – we talking inflation ?

    I got Ure inflation, and it makes bitcoin mining 1 of the single most efficient uses of energy/$ in modern technology-manufacturing(making money, bitches).

    The hairy butt loving mayor of Bendoverville, now the stumbling creeps’ secretary of Dicktation..uhn I mean Transportation is gifting the economy $1 Billion Dollar PER Charger -high speed EV charging stations =Bidenomics.

    One of the most generous and most astute and shrewd negotiators I ever witnessed. What a deal $1 billion per, bet nobody on this forum could even build a regular speed charging station for less than $1.2 billion dollars, or $200 Million over what mayor “what what in the butt” got em for.

    Oh well back yo Uree regularrly scheduled santanic ritual Otherwise known as Lag B”Omer to the G Adl stewart types – https://www.theinteldrop.org/2024/05/27/u-s-backed-blood-thirsty-jewish-massacre-at-rafah-camp-intensifies-fury-over-idfs-gaza-assault/

    Quickening indeed…dont look up, lest you wanna get catastrophically disclosed..

    Now where did I stash that load of Thorium ???

    write when youse got a decent geiger counter, bet ya Moses wishes he did..

    • paid 18% yearly tax on NY land as judged by sold sale price.and assessment value years for 20 years…try to get usage permits with debtors voting..

      • that’s all… lol lol
        I just paid our taxes and car tags this morning.. almost 30 % of our yearly income..
        walked in..there’s usually a huge line..not today.. I made the comment dam this is the shortest line I have ever seen here.
        the clerk said yes its been this way since last fall.. it has what do you think the reason is.. he said..in our county meetings they are blaming it on inflation and people are slowing down their purchases..

    • Holy Snikies Gman!

      When it rains, it seems to pour.
      Dont look now Homegamers, but Riot about to acquire bbbbbbbbbbbbBITFARMS – https://finance.yahoo.com/quote/BITF – Rootie woot woot

      oh the Humanity, oh the Future – time to celebrate ! and I just got done Memorializing those whose shoulders I be standing on,dam.
      Alas I cant be celebrating yet, as I got ITM Call Options on earlier mentioned PM stocks that need to be rolled Up (price) and Out(time) 1 month to July. Dont let anyone tell you making money in Options trading is easy – it aint, in fact hardest, most stress inducing activity I spend time on(whentrading).

      Once again putting Dollar (S) in Ure pockets and smile on my face. : D

      Cheers!

      • Clutching my physical G & S ‘lone coins’ and watching the prices climb is, in fact, the easiest, least stress inducing thing I spend time on… because I don’t trade paper, or ‘bits’

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