Actually, In Some Areas Home Prices Are Falling!

Digital Finance Analytics (DFA) Blog

Jan 21 2024 | 00:08:38

00:00 / 00:08:38

Show Notes

I get very tired of the high-level reporting of home prices, because as you know I believe we have many discrete markets, which are behaving very differently across locations, states and types of property. Averages mask. But in some areas, prices are indeed continuing to drop. And drop fast.For example, in my old stomping ground, Thirroul, median house values rose significantly from 2019, peaked in 2021 at over 2 million dollars, that’s double their 2019 levels, then fell away to a new trough of $1.68 million in March 2023, before rising a little, but then moved down to around $1.78 […]

Other Episodes

Episode 0

July 16, 2021 • 00:12:24

Quantitative Easing - A Dangerous Addiction?

We discuss the House of Lords Report on the Bank of England’s Quantitative Easing Programme. They ask the critical question – just how will...

Episode 0

July 15, 2022 • 00:14:28

The Property Crash Is Just Getting Started.. [Podcast]

Following the Reserve Bank’s double rate hike, big banks have lifted all their variable mortgage rates by 0.5 percentage points. As a result, the...

Episode 0

April 19, 2023 • 00:11:50

The Inflation Shockers Continue… [Podcast]

The latest UK inflation statistics surprised to the upside, baking in more rate rises. Again, the pattern is different from what markets expected, so...