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Inflation Adjusted House Prices 1.1% Below 2022 Peak; Price-to-rent index is 7.8% below 2022 peak

Calculated Risk

In the November Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 77% above the bubble peak in 2006. Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.1% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak.

Numbers 265
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Lessons of “Number Go Up”

The Big Picture

Recently, a post utterly perplexed me: “One doesn’t get a favorable impression of crypto from Number Go Up but in fact one doesn’t learn much about crypto at all. Thus, I was entertained by Number Go Up , but didn’t learn much.” Thus, I was entertained by Number Go Up , but didn’t learn much.” Jury is still out.

Numbers 317
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Inflation Adjusted House Prices 0.8% Below 2022 Peak; Price-to-rent index is 7.4% below 2022 peak

Calculated Risk

In the January Case-Shiller house price index released this week, the seasonally adjusted National Index (SA), was reported as being 78% above the bubble peak in 2006. Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 0.8% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak.

Numbers 191
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Black Knight: "Seriously Delinquent Mortgages Hit Lowest Level Since 2006" in June

Calculated Risk

in May but still three percentage points below the start rate in May 2019 before the onset of the pandemic • The number of loans in active foreclosure shrunk another 5K in June and is still down 47K (-17%) from March 2020; meanwhile, June’s 6.9K of serious delinquencies in June, up from 5.1% foreclosure sales (completions) marked a 1.5%

Numbers 189
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Inflation Adjusted House Prices 1.0% Below 2022 Peak; Price-to-rent index is 7.7% below 2022 peak

Calculated Risk

In the December Case-Shiller house price index released this week, the seasonally adjusted National Index (SA), was reported as being 77% above the bubble peak in 2006. Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.0% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak.

Numbers 162
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Update: The Inland Empire

Calculated Risk

Way back in 2006 I disagreed with some analysts on the outlook for the Inland Empire in California. This graph shows the unemployment rate for the Inland Empire (using MSA: Riverside, San Bernardino, Ontario), and also the number of construction jobs as a percent of total employment. Click on graph for larger image.

Economy 339
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Inflation Adjusted House Prices 1.5% Below 2022 Peak; Price-to-rent index is 7.8% below 2022 peak

Calculated Risk

In the July Case-Shiller house price index on Tuesday, the seasonally adjusted National Index (SA), was reported as being 74% above the bubble peak in 2006. Typically, after a sharp increase in prices, it takes a number of years for real prices to reach new highs (see House Prices: 7 Years in Purgatory ) below the recent peak in 2022.

Numbers 278