Re: Inflation vs California housing prices

On Mon, 01 Jul 2024 20:51:50 -0700, Jeff Liebermann <jeffl@cruzio.com>
wrote:

On Tue, 02 Jul 2024 09:20:19 +0700, John B. <slocombjb@gmail.com>
wrote:
>

What is the score over the past year?

>
I don't think you're going to get much useful info from just one year,
especially if you don't specify the market location.  This might help.
>
This mostly covers the increases since 2000:
<https://www.bankingstrategist.com/housing-prices-hpi-vs-cpi>
<https://images.squarespace-cdn.com/content/v1/579523f003596e94b46ce214/e01ec3d7-d8dd-4a3d-bab8-e722fd888a3a/Slide1.JPG>
For the USA, over the last 24 years, since 2000, the CPI (consumer
price index) has increased 185% while the HPI (home price index) has
increased 329.8%.  In other words, the price of housing has gone up
twice as much as inflation.
>
However, the increases are not uniform across all the housing markets.
<https://images.squarespace-cdn.com/content/v1/579523f003596e94b46ce214/b56a5c8e-456d-4332-a5ee-9c4c009ee79f/Slide2.JPG>
See the other graphs for specific metro regions.  Looks like the
largest increase in HPI over CPI were in Smog Angeles, San Diego and
Miami.

Yes, I know but I was writing for Tom and given his  level of
understanding I didn't want to confuse him with more then one
example... and  even that is usually more then he can handle :-)
--
Cheers,

John B.