Part 2: Housing Goes Hyper

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Housing is up more than 18-1/2% in one year!  Want to ring the bell when you feel hyperinflation due to Fed money jiggering?

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 18.6% annual gain in June, up from 16.8% in the previous month. The 10-City Composite annual increase came in at 18.5%, up from 16.6% in the previous month. The 20-City Composite posted a 19.1% year-over-year gain, up from 17.1% in the previous month.

Phoenix, San Diego, and Seattle reported the highest year-over-year gains among the 20 cities in June. Phoenix led the way with a 29.3% year-over-year price increase, followed by San Diego with a 27.1%
increase and Seattle with a 25.0% increase. All 20 cities reported higher price increases in the year ending June 2021 versus the year ending May 2021.

MONTH-OVER-MONTH
Before seasonal adjustment, the U.S. National Index posted a 2.2% month-over-month increase in June, while the 10-City and 20-City Composites both posted increases of 1.8% and 2.0%, respectively.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 1.8%, and the 10-City and 20-City Composites both posted increases of 1.6% and 1.8%, respectively. In June, all 20 cities reported increases before and after seasonal adjustments.

ANALYSIS
“June 2021 is the third consecutive month in which the growth rate of housing prices set a record, says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. “The National Composite Index marked its thirteenth consecutive month of accelerating prices with an 18.6% gain from year-ago levels, up from 16.8% in May and 14.8% in April. This acceleration is also reflected
in the 10- and 20-City Composites (up 18.5% and 19.1%, respectively). The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country.”

Well, yeah, parabolic blow-offs due to excessive money creation will do that kind of thing…

If you can’t see the parabolic price rise, maybe time to get your eyes checked.

Strangle, Dow and S&P 500 futures are down a bit…maybe we’re not the only ones to remember the magic word.

Weimar.

Time to tell ’em to land the money copter, Helicopter Ben.

Write when you get rich,

George@Ure.net

16 thoughts on “Part 2: Housing Goes Hyper”

  2. That’s just awesome. And its taking less Bitcoins to buy that same house with each passing day…… Banksters call that deflation………..LOL.

    • I miss “the good old days”, too, but we’re all descendants of survivors.
      And I firmly believe in reincarnation, so don’t lose faith!
      We all chose to be born into this time regardless of the stupidity that surrounds us. There’s always more to the story that meets the eye.
      Mouth full of platitudes … or …

  4. a function of bigger debt . give up on the inflation stories . thats all they are stories. why dont you concentrate on the evil , satanic , fixing of markets by the fed , gov , and elite facists for their own sinister survival . may some god of any man strike them all down . fire and brimstone is what they need perpetually

    • Lenny
      “they” already lost the war (*) – we are seeing&feeling the last futile snapping bites from the dying globo bankster minions..ya know the old routine -” bend ova and let nathan take ova”

      Just look at the countries in the world that refused to bend ova..Iran, Syria,NK, Lybia

      Those slick shit clever lil nomes at the BIS and their lackey central banksters – are losing their means of control..meaning “Rome’ is bout to be sacked, again..

      WHO started/funded/founded by Rockafellas..any wonder they promote the Human use of poison/chemicals to Treat Disease, Patented Virus Outbreaks and Sickness..Standard Oil ?

      Rockafellas and Gates = Depop! where do think Falsie got his $$$ from?

      * the END of Slavery – Bitcoin..most dont have the where with all – the cojones to stand up and fight for their own Freedom, financial or otherwise.

      Guess thats why its refereed to as Sheetcoin around here..

  5. a very rushed , non thought , agitated story this one . what garbage . hyper what ? hyperbole?

  6. silver has industrial uses . hence leads gold . old saying , con men never learnt . “every where that silver went gold was sure to follow” silver , red , broken down . dont bsheet to the old bulls.go to 321 sewer or sheetco and tell stories

  7. 18% is huge. But prices can double from here.

    Thought another way, ask on one night @ a low-end Detroit motel, (1.8/5 stars) is $100.00. The type of place where they brag about “no bed bugs”.

    Perhaps they discount the price to $500 for weeklies, 2k a month.

    A payment on a 250k mortgage, estimate annual 9k taxes and 1.25k insurance is < 2k.

    Market participants see the 250k price point is one step up from "no bed bugs" signs.

    Do you want your kids/grand kids sitting around daycare with the bed bug kids?

    It becomes how far from the bed bugs can you afford to live? Fear the bug.

    Spin-in the 1970's style "more kids = bigger checks" $3,600 per. Each child is worth a 'free' 45K more in mortgage debt. @3.5% interest.

  8. We’ll all be millionaires shortly and (might) be able to buy a loaf of bread with it…
    What wine goes good with cat food?

  9. in zimbabwe wheelbarrows are very expensive . people use them to transport money . buy a loaf of bread . people would tip out the money and steal wheelbarrow . thats what you want ? that !!. wake up with your stories . all short , crash the piece of sheet and start again . ohh nahh the greed is on steroids . when the truth comes it always does its the red button. when used keep only USD and TLT . the rest is useless . wake up go to salty moriartys car yard or dagalios swamp stories for greed .

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