Case-Shiller home prices hit a new year-over-year high in August. Correspondingly, real interest rates hit a new low for the series.
by Mike ‘Mish’ Shedlock
Mish Talk
Factoring in home prices, real interest rates hit a new record low in a series that dates to 1987.
Case Shiller released home price data on Tuesday. The National home price index jumped 19.7% from a year ago setting a new record for the series.
CS National, Top 10 Metro ,CPI, OER Percent Change
Key Points
– The National home price index rose 19.7% from a year ago setting a new record for the series, easily beating the housing bubble max increase of 14.5%.