The Case Shiller 20-City Home Price Index moved down for a
7th straight month, the longest down streak since 2011-12.
San Francisco, Seattle, San Diego, and Portland home prices
were all negative YoY, the first time 4 major cities in the
index were down YoY since 2012. |
00:01 -
30/03/23 |
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The rate of US home price appreciation continues to slow, up
3.8% YoY nationally according to the Case Shiller Index.
This is lowest YoY increase since Dec 2019 but is only as of
January. Real-time data shows a 1.7% YoY decline in home
prices, the first decline in over a decade. |
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The decline in total commercial bank deposits accelerates.
While the overall downward trend has been in place for some
time, the most recent data, for the week ended March 15,
shows a significant acceleration, with total deposits down
$98 billion, or 0.56%, in the first week of |
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The US Money Supply has fallen 2.4% over the last 12 months,
the largest year-over-year decline on record (note: M2 data
goes back to 1959). |
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Germany: The collapse in construction is becoming a risk for
the entire economy. Following the boom of recent years,
construction accounts for 12% of the economic output in
Germany |
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