A couple pieces of good news out this morning, the first is data from CoreLogic showing that home values increased 1.2% over the last 30 days and 5.3% over the most recent 12 months. They forecast prices to continue to rise 3.7% over the next 12 months as well. Black Knight corroborates those findings of +1.2% MOM and adds another few ticks to say values have risen 5.6% YOY. So tell your friends and would-be clients not to buy into the arguments of the ignorant about a housing bubble. Those self-sabotaging buffoons are merely attempting to justify their lack of courage and will forever be complaining about how expensive housing is. You’ll of course find a way to be more diplomatic in your conveying of those truths to people who are depending on you for reassurance to invest in their own futures.
Oil prices have dropped about $10/barrel over the last month, easing the future cost of 70% of everything we consume. That’s a great disinflationary factor that paves the way for lower interest rates.
