#NEW Ed Pinto at AEI reaffirms his national home price outlook:
“We project a cumulative [U.S. home price] decline from the Jun 2022 peak of -10% to 0%, and -5% to +5% by year end 2023 and 2024 respectively.”
“We project a cumulative [U.S. home price] decline from the Jun 2022 peak of -10% to 0%, and -5% to +5% by year end 2023 and 2024 respectively.”
Heading into the year, AEI was more bearish. But that changed as their outlook for mortgage rates got less bearish.
https://twitter.com/NewsLambert/status/1610811834587561986
AEI has national prices up 1.2% MoM in Feb.
I don’t closely follow the AEI HPI readings. On their website, they call it “a quasi repeat sales index with a hedonic element.”
I don’t closely follow the AEI HPI readings. On their website, they call it “a quasi repeat sales index with a hedonic element.”
Unlike the Case-Shiller and ZHVI data I share frequently, the AEI HPA doesn’t appear to be seasonally adjusted.
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