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How Much Further Does the Housing Recovery Have to Go?
invite response
2014 Jul 30, 10:25am 19,601 views 43 comments
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California is not the be all - end all, there are plenty of affordable cities to live in and work in across this large country.
JH
2014 Aug 4, 6:51am
volatility
It would be instructive to have numbers reviewed later (longer term) to account for volatility. The calculations used to justify fed action are clearly somewhat removed from reality.
Inflation in increase in cost of goods. If it happens without matching increase in wages people get crabby.
tatupu70
2014 Aug 4, 8:31am
"headline" inflation doesn't count energy or food, since supply difficulties introduce more volatility.
I'm not sure I agree it's "headline", but core CPI does exclude it. My only point was that every inflation calculator I've seen uses standard CPI (not core) and does include energy.
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Popped up in my inbox, from Zillow...
Prior peaks? They except a bubble of equal size or larger?
From article:
"...The housing recovery is still very much in its middle stages. Nationally, home values remain 11.3 percent below their 2007 peak. Looking ahead, U.S. home values are expected to rise another 4.2 percent through the second quarter of 2015, according to the Zillow Home Value Forecast. It will take 2.7 years for national home values to re-achieve their pre-recession levels, assuming a steady rate of appreciation at the forecasted level.
In other words, national home values won’t get back to their prior peaks until at least the first quarter of 2017, almost a decade after the beginning of the housing recession. And full recovery could take even longer, as the pace of home value appreciation is expected to slow in coming months and years..."
http://www.zillow.com/blog/q2-2014-market-reports-155924/
#housing