Business & Investment

“Collection speed”, December 10.3% year-on-year

Along Calculated risk of 1/26/2021 04:18:00 PM

The· November Case-Shiller Home Price Index Released today. Zillow predicts Case-Shiller a month earlier, but Zillow’s predictions are pretty close, so I’d like to confirm.

From Zillow’s Matthew Speakman: November Case-Shiller Results and December Forecast: Collection Speed

House prices continued to rise in November Speed ​​up by the end of the year and set the stage for a full-out sprint in 2021..

Supported by record low mortgage rates that continued to bring new depth in November, a wave of enthusiastic homebuyers rushed into the market, further intensifying competition for homes, which have been hot since late spring. As a result, homes have jumped out of the market and prices have risen at the fastest pace in years. Even if the pandemic accelerates its rapid spread across the country, this fierce market competition, if any, shows few signs of cooling and is unlikely in the near future. Together, annual home price growth should continue its sharp rise in the coming months.

Case-Shiller reports that December’s monthly growth rate [November] In all three major indexes Annual growth is expected to accelerate overall.. The S & P Dow Jones Index will release data for the December S & P Core Logic Case-Shiller Index on Tuesday, February 23.
Emphasis added

Zillow predicts that the year-over-year changes in the Case-Shiller National Index are as follows: 10.3% in December, Increased from 9.5% in November.

Zillow forecasts that the 20-city index in December will rise 9.8% year-on-year from 8.9% in November, and the 10-city index will rise 9.5% from 8.4% in November.

“Collection speed”, December 10.3% year-on-year

http://feedproxy.google.com/~r/CalculatedRisk/~3/ovIEV0CxF5o/zillow-case-shiller-house-price.html “Collection speed”, December 10.3% year-on-year

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