US Home Prices Plunge For 3rd Straight Month In May (Led By Tampa)
Home prices in America’s 20 largest cities fell for the 3rd straight month in May (the latest data available from S&P CoreLogic’s Case-Shiller data released this morning).
The 0.34% MoM drop matches the plunge in May and is equal to the largest drop since Dec 2022, dragging YoY price growth down to +2.79% (the weakest since Aug 2023)…
Source: Bloomberg
“National home prices were just 2.3% higher than a year ago, the smallest increase since July 2023, and nearly all of that gain occurred in the most recent six months,” said Nicholas Godec, S&P Dow Jones Indices.
“ The spring market lifted prices modestly, but not enough to suggest sustained acceleration.”
Given the trend higher in (lagged) mortgage rates, the next couple of months do not bode well…
Source: Bloomberg
Home prices are now lower on a YoY basis in Denver, San Francisco, Dallas, and Tampa (-2.4% YoY)…
However, home price appreciation does seem to track very closely with bank reserves at The Fed (6mo lag), which implies prices are going continue to lag for the next couple of months before re-accelerating once again…
Source: Bloomberg
So 100bps of rate-cuts prompted a re-acceleration in home prices… and now prices are tumbling again as you pause… Well played Fed!!
Tyler Durden Tue, 07/29/2025 – 09:09
Source: https://freedombunker.com/2025/07/29/us-home-prices-plunge-for-3rd-straight-month-in-may-led-by-tampa/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
