A quick note on home price appreciation in the US. Prices are now rising at less than 6% per year and the pace is slowing.
That’s a good thing - we want to avoid the affordability collapse taking place in the UK or France. In fact US home prices are still rising faster than homeowners’ expectations. The long-term housing price increases should be in line with wages. And we all know where that is.
Shiller likes the slower price increase:
Sign up for our daily newsletter called the Daily Shot. It's a quick graphical summary of topics covered here and on Twitter (see overview). Emails are distributed via Freelists.org and are NEVER sold or otherwise shared with anyone.
From our sponsor: