Its near the end of November and S&P/CoreLogic just released their US home price indices for September. The good news (for some)? Home prices rose 5.15% YoY. The bad news? Home price growth continues to slow. And home price growth continues to slow along with The Fed’s Balance Sheet.
Please note the YoY rise in home prices with the surge in the Fed Balance Sheet known as QE3. The rapid growth ceased once The Fed declared an end to QE3.
The biggest gainer again is Las Vegas a6 13.5% YoY. The slowest gainer in New York City at 2.6% YoY. The second slowest growth rate is in Washington DC followed by Chicago. Of course, New York, Washington DC and Chicago love their high tax rates.