“There could be declines in home prices especially at the high end”, says Shiller Robert Shiller, Yale Professor and Nobel Prize Winner, speaks about the housing market and tells why home prices could decline.
Housing – % of New U.S. Home Sales by Price Range The share of new home sales over $500,000 is increasing. Image: BofA Global Research
Housing – U.S. Existing Home Sales: Median Price and Inventory The inventory of homes for sale in the U.S. is now very low, with home prices expected to keep climbing. Image: Morgan Stanley Wealth Management
U.S. Housing – Existing Home Sales Price U.S. house prices rise much faster than wages and become too expensive for most young people. Image: BofA Global Investment Strategy
U.S. Existing Home Sales Median Price U.S. existing home prices rise as tight supply pushes prices higher. Image: Piper Sandler
U.S. Housing – Existing Home Sales Median Price Existing home sales reached their highest level in 14 years, thanks to low rates. Image: Piper Sandler
Housing – Global House Prices With a year-over-year increase of 6.6%, U.S. house prices are posing a greater challenge for prospective homebuyers in their pursuit of purchasing a home. Image: BofA Global Investment Strategy
Housing – U.S. Existing Homes Sales U.S. home prices don’t go up forever. Image: The Daily Shot
Homeownership Disparity Deepens Since 1994, the gap between blacks and whites has widened, in part because starter-home prices have exploded, year after year. Inequality: you may also like “U.S. Unemployment Rate: Black or African Americans” and “U.S. Net Worth by Wealth Bracket” and “Countries With the Highest Housing Bubble Risks.” Picture Source: Bloomberg
U.S. Housing Market – MBA Purchase Index Mortgage applications in the U.S. continue to decline due to a combination of high interest rates and elevated home prices, resulting in a 28-year low. Image: The Daily Shot
History of the Real Federal Minimum Wage Today, the real federal minimum wage is worth 31% less than in 1968. It is also the longest period without an increase (adjusted for inflation). You may also like “Wage Growth vs. U.S. Home Price Growth.” Image: Economic Policy Institute