29/11/17

The US Cities with the Biggest Housing Bubbles



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The US Cities with the Biggest Housing Bubbles
// Silver For The People

wolfstreet.com / by Wolf Richter • 

What, first down-tick in Seattle?

The S&P CoreLogic Case-Shiller National Home Price Index for September, released today, jumped 6.2% year-over-year (not-seasonally-adjusted). By comparison, consumers' nominal disposable income (not adjusted for inflation) rose only 2.9%. When population growth is factored in, this disposable income on a "per-capita" basis, hence for consumers as individuals, grew about 2%, less than a third of the jump in the national home price index. This disconnect, year after year,  adds up after a while.

The Case-Shiller national home price index has now surpassed by 5.9% the crazy peak in July 2006 of Housing Bubble 1:

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The post The US Cities with the Biggest Housing Bubbles appeared first on Silver For The People.


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