January 2018 US FHFA HPI 22 March 2018
- Prior 0.3%. Revised to 0.4%
- 7.3% vs 6.5% prior y/y
Yesterday Fed’s Powell said they’re not seeing any bubbles in house price but this y/y indicator is edging up to pre-crisis highs. The all time high for the FHFA was some 10.5% in 2005. The post crisis high was 7.8% in Jul 2013. What’s keeping it from being really bubbly is that house prices have risen slowly and steadily rather than fast.
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