Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com
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Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com
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The housing slump is the economy's biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation.
Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices.
What do investors think? Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts. This is slightly lower than what the index was pre-covid.
Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at Auction.com
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