US Home Prices Hit New Record High, But YoY Appreciation Slows...

US Home Prices Hit New Record High, But YoY Appreciation Slows...
US Home Prices Hit New Record High, But YoY Appreciation Slows...

原始链接: https://www.zerohedge.com/personal-finance/us-home-prices-hit-new-record-high-yoy-appreciation-slows

Home prices in America's 20 largest cities rose for the 14th straight month in April (according to the latest data from S&P CoreLogic - Case Shiller - data today), up 0.38% MoM (more than the expected 0.3%) leaving pricesz up 7.20% YoY （高于预期的 7.00%），但略低于 3 月份的 7.46%... 资料来源：彭博社这是自去年 6 月以来同比价格升值首次放缓！所有 20 个主要城市的房价均出现环比上涨，其中波士顿和旧金山领先...总体而言，美国 4 月份房价创下新高（新房中位价开始下降）...资料来源：彭博房价继续密切跟踪美联储储备，但转折点可能很快就会到来...资料来源：彭博社鉴于凯斯-希勒数据的平滑和严重滞后，很难找到价格与抵押贷款利率之间的因果关系...资料来源：彭博社……但鉴于利率仍保持在 7% 以上，似乎很难相信价格能够继续上涨。

Home prices in America's 20 largest cities rose for the 14th straight month in April (according to the latest data from S&P CoreLogic - Case Shiller - data today), up 0.38% MoM (more than the expected 0.3%) leaving pricesz up 7.20% YoY (more than the 7.00% exp), but slightly slower than the 7.46% in March...

Source: Bloomberg

That is the first slowdown in the YoY price appreciation since last June!

All 20 of the major cities saw MoM price appreciation, with Boston and San Francisco leading...

Overall, US home prices reached a new record high in April(as median new home prices began to fall)...

Source: Bloomberg

Home prices continue to track Fed Reserves closely, but a turning point may come soon...

Source: Bloomberg

Given the smoothing and heavy lag in the Case-Shiller data, it's hard to find a causal relationship between prices and mortgage rates...

Source: Bloomberg

...but with rates remaining above 7%, it seems hard to believe prices can continue their advance.