5 ms·
MSPUS is not a great metric. People are buying smaller houses because that's all they can afford. Prices are not coming down per square foot (yet): https://fre
by onlyrealcuzzo 3y ago
MSPUS is not a great metric.
People are buying smaller houses because that's all they can afford. Prices are not coming down per square foot (yet): https://fred.stlouisfed.org/series/MEDLISPRIPERSQUFEEUS https://fred.stlouisfed.org/series/MEDLISPRIPERSQUFEEUS
Prices have stopped sky-rocketing upward. Considering housing is ~40% of the inflation bucket - this trend (if it continues) should slow down inflation soon.
- deleted 3y ago[deleted]
- toomuchtodo 3y agoPer your link, prices are trending down, just not quickly. Switch to 1Y to better visualize.
- onlyrealcuzzo 3y agoIf you want to draw a trend from maybe a 4% decline in highly volatile and seasonal data from 7 months of analysis, then sure.
- toomuchtodo 3y agoPropose a delta and time window of meaningful signal.
- onlyrealcuzzo 3y agoFor something highly cyclical - at least 2 cycles... In this case, 2 years. Or a delta that's maybe 2x standard deviation.