Wednesday, December 28, 2016

What will happen with house prices in 2017?

Yesterday I posted some questions for next year: Ten Economic Questions for 2017 . I'll try to add some thoughts, and maybe some predictions for each question. 7) House Prices: It appears house prices - as measured by the national repeat sales index (Case-Shiller, CoreLogic) - will be up about 6% or so in 2016. What will happen with house prices in 2017? The following graph shows the year-over-year change through October 2016, in the seasonally adjusted Case-Shiller Composite 10, Composite 20 and National indices (the Composite 20 was started in January 2000). Click on graph for larger image. ......(read more)
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