Housing prices continue to increase 1%+ monthly as hard assets look to be the inflation-fighter’s weapon of choice against the Biden misery index.
Although the increases continue, the rate of increase is slowly declining.
However, financial markets hit new record highs this morning as – everything is amazing!
Don’t worry about exploding inflation, the collapse of the U.S. dollar, reckless spending, and on and on and on!
Modern Monetary Theory says everything is wonderful! Spend away!
Housing Price Index (MoM) (Oct) printed at 1.1% vs 1.2% consensus estimate.
S&P/Case-Shiller Home Price Indices (YoY) (Oct) printed at 18.4% vs 18.5% estimate.
Redbook Index (YoY) (Dec 24) printed at 21.4%.