Chart of the Day: Real Estate Down 5%, but Still Up 40%
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Today's Chart of the Day is of the S&P CoreLogic Case-Shiller Home Price Index published yesterday, March 28.The index figure of 292.71, indicates that $292,710 is the current, average price of a single-family home in the U.S.
This shows the seventh straight month of declining prices, down 5% from its peak in June 2022, and that prices are still 40% higher from the start of the COVID- 19 pandemic three years ago.
However, running the chart back 20 years adds some additional perspective.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.