尽管房价飙升，但美国 5 月份房价连续第 15 个月上涨

尽管房价飙升，但美国 5 月份房价连续第 15 个月上涨
US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates

原始链接: https://www.zerohedge.com/personal-finance/us-home-prices-rose-15th-straight-month-may-despite-soaring-rates

5 月份美国 20 个最大城市的房价连续第 15 个月上涨（凯斯-希勒公认的滞后系列的最新数据点），环比上涨 0.34%，同比上涨 6.81%，好于预期……资料来源：彭博社 Case-Shiller 数据的平滑和严重滞后，很难找到价格和抵押贷款利率之间的因果关系，但由于利率保持在 7% 以上，似乎很难相信价格能够继续上涨......来源：彭博社 .. .但房价仍与放缓的美联储储备密切相关...资料来源：彭博社...所有大都市的价格增长率似乎都已达到峰值...鲍威尔回国后将如何降息价格每年仍上涨近7%？

Home prices in America's 20 largest cities rose for the 15th straight month in May (the latest data point from Case-Shiller's admittedly lagging series), up a better than expected 0.34% MoM to +6.81% YoY...

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

Source: Bloomberg

...but home prices are still tightly correlated with Fed Reserves which have slowed down...

Source: Bloomberg

...and a peak in the rate of price growth appears clear across all metros...

How is Powell going to cut rates when home prices are still rising near 7% per year?

尽管房价飙升，但美国 5 月份房价连续第 15 个月上涨 US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates

尽管房价飙升，但美国 5 月份房价连续第 15 个月上涨
US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates