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Part 1: Current State of the Housing Market; Overview for mid-December 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-December 2024

A brief excerpt:
This 2-part overview for mid-December provides a sna…

The Upward Slope of Real House Prices

Many years ago, I wrote: The upward slope of Real House Prices. I argued that real house prices (adjusted for inflation) had typically increased about 1.0% to 1.5% per year (much higher than Profess…

MBA: Mortgage Applications Increased in Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (…

BLS: CPI Increased 0.3% in November; Core CPI increased 0.3%

From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in November, after rising 0.2 percent in each of the previous 4 months, th…

YoY Measures of Inflation: Services, Goods and Shelter

Here are a few measures of inflation:

The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year.  This declined, but is still eleva…

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