Author Archive

Case-Shiller Home Price Numbers

Today, S&P/Case-Shiller showed that home prices grew 5.6 percent year over year in August for the 20-city index while the 10-city index showed a gain of 5.5 percent.  The newer Case Shiller monthly national index showed a gain of...

Homeowner Equity as a Share of the Value of Real Estate

Homeowner Equity as a Share of the Value of Real Estate could normalize by late 2015 – early 2018. After 2 years of gains exceeding 5% per quarter, growth in household owners’ equity rose by a much more modest...

Consumer prices (CPI) fell 0.2 percent in August

Consumer prices (CPI) fell 0.2 percent in August as declines in gasoline prices offset increases in food and shelter prices. Core inflation, a measure that excludes volatile food and energy prices, was flat for the month. On a year-over-year...

Net Worth of Homeowners vs. Renters

In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter. Homeowner equity is a substantial component of homeowner wealth. The Federal...

Jobs Impact of Existing Home Sale

The National Association of REALTORS® estimates that one job is generated or supported for every two home sales. This estimate is based on a comparison of the economic impact of an existing home sale to various measures of income....