美国房价创历史新高，但同比升值速度显着放缓

美国房价创历史新高，但同比升值速度显着放缓
US Home Prices Hit New Record High, But YoY Appreciation Slows Significantly

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

For the fourth month in a row, US home price annual appreciation slowed in July (according to the latest data from S&P CoreLogic's Case-Shiller indices). 20 城市综合指数环比上涨 0.27%（低于预期的 +0.4%），同比价格变化为 +5.92%，为 11 月以来的最低水平……资料来源：彭博社美国房价创历史新高（降息的好时机）...资料来源：彭博社房价升值继续跟踪美联储的银行准备金（滞后下降）...资料来源：彭博社当然，最有趣的是，随着价格升值实际上开始缓慢（对于边际负担能力来说是一件好事），美联储大幅削减了利率（人们预计这将再次推高房价？）。抵押贷款利率已经开始走低……美联储是否会引发另一场房地产泡沫，并以 Arthur-Burns 式的 1970 年代重现方式重新加热 CPI？

For the fourth month in a row, US home price annual appreciation slowed in July (according to the latest data from S&P CoreLogic's Case-Shiller indices).

The 20-City Composite index rose 0.27% MoM (less than the +0.4% expected), which left the YoY price change at +5.92% - its lowest since November...

Source: Bloomberg

US Home prices are at record highs (a great time to cut rates)...

Source: Bloomberg

The home price appreciation continues to track bank reserves at The Fed (lower on a lag)...

Source: Bloomberg

Of course, the funniest thing is that as price appreciation actually begins to slow (a good thing for affordability at the margin), The Fed has slashed interest-rates (which one would expect will juice home prices once again?).

Mortgage rates are already leading lower...

Will The Fed ignite another houosing bubble and re-heat CPI in an Arthur-Burns-esque 1970s redux?

美国房价创历史新高，但同比升值速度显着放缓 US Home Prices Hit New Record High, But YoY Appreciation Slows Significantly

美国房价创历史新高，但同比升值速度显着放缓
US Home Prices Hit New Record High, But YoY Appreciation Slows Significantly