National Home Prices up 5.1% YOY

From Bloomberg:

US home price gains ease in June: S&P/Case-Shiller

The pace of U.S. home price gains slowed in June from the previous month, but strong appreciation in the West and South kept growth above the two-year average, according to a monthly report.

The S&P CoreLogic Case-Shiller 20-City Composite index rose 5.1 percent year over year, versus expectations for an increase of 5.2 percent. That marked a sequential slowdown from May’s revised 5.3 percent increase.

The June gains were slightly above the 4.8 percent annual pace over the last two years.

“Overall, residential real estate and housing is in good shape. Sales of existing homes are at running at about 5.5 million units annually with inventory levels under five months, indicating a fairly tight market,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.

Portland, Oregon, led the gainers with price appreciation of 12.6 percent. Seattle followed with an 11 percent increase, and Denver came in third with a 9.2 percent gain.

“In the strongest region, the Pacific Northwest, prices are rising at more than 10 percent; in the slower Northeast, prices are climbing a bit faster than inflation,” Blitzer said.

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67 Responses to National Home Prices up 5.1% YOY

  1. chicagofinance says:

    The northern blights

    Reader Harold Theurer has a vision, writing, “Trump wins in November and the Canadian Football League begins its season with Colin Kaepernick standing on the sideline while Barbra Streisand sings O Canada

  2. chicagofinance says:

    There is a G-d…….pumpy can’t find the new IP address……

  3. chifi – It will be interesting. NFL season opens 9/11, the 15th anniversary of…9/11. Garrison’s latest cartoon depicts Kaepernick:

    http://grrrgraphics.com/index.html

    The northern blights

    Reader Harold Theurer has a vision, writing, “Trump wins in November and the Canadian Football League begins its season with Colin Kaepernick standing on the sideline while Barbra Streisand sings O Canada

  4. Fast Eddie says:

    What new IP address? What am I missing? Put the url in your browser and go to site? No?

  5. I wonder if a.) he can’t find it, b.) blocked at work, or c.) he’s not bright enough to scroll down and see that the comments link is at the bottom of the post now. It would be hilarious to me to think that he shows up every day but thinks comments are no longer allowed.

    There is a G-d…….pumpy can’t find the new IP address……

  6. I think Pumps is lonely and trying to find an audience on FB. This is his most recent public post on his timeline:

    Some people have trouble understanding this.

    “In 1866 a book titled “Christian Ethics or The Science of Duty” suggested that taxes are used to assure “life and property” [CEJA]:

    A man’s taxes are what he pays for the protection of his life and property, and for the conditions of public prosperity in which he shares. He ought to pay his just portion of the expense of government.”

  7. Comrade Nom Deplume, the Deplumiest. says:

    Got a call last night from a “pollster” who asked me for some time for a poll.

    It was obvious 3 min in that it was a push poll for the state senate dem candidate. So obvious also that they were trying to sway the low info voter. Some of the questions were painful to listen to. When the poll taker sought to explain basic concepts, I stopped her and told her she didn’t have to explain and told her why.

    Ordinarily they say that they still have to stick to the script. This one took my word for it and skipped the stuff for the low info voters.

  8. nwnj3 says:

    Wow, does this Huma person have a shred of dignity or self respect? It doesn’t appear so.

    OTOH, she sounds like just the type of person the Clintons would employ to conduct their business. Absolutely no compunction whatsoever…

  9. Comrade Nom Deplume, the Deplumiest. says:

    [8] expat

    A bit harsh but he was annoying in his perspicacity.

    To me, what he failed to understand was that the only contentious part of that quote was the word “just”.

    Interesting that he chose eight religiously themed quotation to impart his message. I find it ironic, and not a little bit hypocritical, that liberals who espouse Christian values will say, on the one hand, render unto Caesar that which is Caesar’s (meaning pay the taxes that you are asked to pay unquestioningly) but then call for the complete separation of church and state. In other words, they will import a Christian value into governance when it suits their agenda, and call for the exclusion of Christian values that don’t.

  10. Comrade Nom Deplume, the Deplumiest. says:

    Eight= a. I need an upgrade

  11. Comrade Nom Deplume, the Deplumiest. says:

    [10] nwnj

    That’s the future chief of staff you’re talking about there

  12. Hillary Clinton hit her stride after the Democratic National Convention, riding to a double-digit lead over Donald Trump in some national and swing-state polls — her highest of the year.

    As of today, though, Americans’ views of her just hit a record low.

    A new Washington Post-ABC News poll shows 41 percent of Americans have a favorable impression of Clinton, while 56 percent have an unfavorable one.

    That’s the worst image Clinton has had in her quarter-century in national public life.
    https://www.washingtonpost.com/news/the-fix/wp/2016/08/31/a-record-number-of-americans-now-dislike-hillary-clinton/

  13. This is really fascinating, You are an overly professional blogger. I have joined your rss feed and stay up for in the hunt for extra of your excellent post. Also, I’ve shared your website in my social networks

  14. Comrade Nom Deplume, the Deplumiest. says:

    [14] expat

    Just wait until Michael Harrington’s preliminary research on strategic voting is born out by Nate Silver’s 538 group. It will be seen as the largest theft of an election since Kennedy stole the 1960 presidential election.

    Hillary’s negatives will plummet and the Democrats will get pounded in 2018.

    So that means if your name is Alito, Roberts, Thomas, or Kennedy, you had better hire a bodyguard and food taster for the next three years.

  15. Comrade Nom Deplume, the Deplumiest. says:

    [16] grim

    Modded? Over what? Are you using Google to run your site?

  16. grim says:

    b.) blocked at work

    There are a few people who emailed me to tell me they are now blocked. Guessing that at one point in time, the IP had been whitelisted.

    They are probably going to restrictive proxies that identify this as new traffic, needing to be whitelisted again.

  17. Comrade Nom Deplume, Annoying Leftists for Over a Quarter of a Century says:

    This got a “Wait, what?” from me:

    http://www.cnbc.com/2016/08/31/apples-huge-tax-bill-could-hurt-european-economy-treasury-secretary-lew-says.html

    I mean, what happened to “pay your fair share”? This contradicts the narrative.

  18. Juice Box (busy digging his own grave) says:

    re: access to the web from work.

    Just moved myself to the right Exec OU. I could live stream videos of dogs eating cats all day long and nobody would know or care.

  19. Juice Box (busy digging his own grave) says:

    Grim I also categorized your site as “Financial Services” under a few proxy systems

    Sophos
    McAfee
    Bluecoat

  20. Tywin says:

    “What it costs to buy a home in N.J.’s best school districts”

    http://realestate.nj.com/realestate-news/2016/08/what_it_costs_to_buy_a_home_in.html

  21. Mike says:

    22 This subject came up at a neighbors BBQ about our district being rated somewhere in the middle as far as schools are concerned. Then the mention of four kids that went through our system, one just became a physical therapist, another finished law school,
    one who’s doing great with the father’s construction business, and also a performing arts graduate with Broadway shows under her belt. All great kids and parents.

  22. President Obama’s former physician said that he believes Democratic nominee Hillary Clinton should have a thorough neurological examination, on CNN, no less.

    http://thehill.com/blogs/ballot-box/presidential-races/293898-obamas-former-doctor-clinton-should-have-neurological

  23. For anyone who wants to watch Clinton on her awake day, here’s the live stream (seems to work better in Chrome):

    http://www.wlwt.com/shared/live-stream-2/38256796

  24. walking bye says:

    Mike I’ve also seen great school districts produce average kids. It’s all in the drive and desire of the kids and the example you set for them. I’ve worked with a contractor from Kearny, all his kids went on to top 100 Schools. U of Mich was one of them, don’t remember the rest. Guy worked full time as a blue shirt and part time const. He instilled a strong work ethic in the kids. All landed in Fortune 100 companies right out of School. All were female in predominantly male fields. One was moving on to India for a job assignment/ global corporate experience. They may not be Ben prodigies, but they are working and out of the house.

  25. STEAMturd says:

    Mike,

    Truth is, the school system doesn’t really matter if you are a good parent. In actuality, the worse the school system is, the better college your high performing kid will get into for three reasons. First, colleges like to take good kids from bad schools. Second, scholarship opportunities are better when you live in a sh1t town. Third, the good kid will get all of the attention of the best teachers, guidance counselors and quite frankly, anyone in the sh1t school who is there for more than collecting the benefits. This same kid will be lost among the Patels and Ngs in the better school system.

    So next time someone likes to argue about how great their school system is, tell them SteamTurd sees it as a disadvantage.

  26. Mike says:

    28 “It’s all in the drive and desire of the kids and the example you set for them.”

    Definitely, Parenting plays a major role.

  27. STEAMturd says:

    HRC does look horrible. But she’s doesn’t look sick. And she actually lies much more effectively than Trump does.

  28. She managed 35 minutes at the podium. I did see her neurologist hidden behind a curtain on the left side. He half stepped out and then stepped back behind the curtain again.

  29. STEAMturd says:

    You sure that wasn’t the wonderful wizard of oz?

  30. STEAMturd says:

    You are really standing by this health thing! What was your position on McCain last time around?

  31. They will cut this stream down to just her speech later, but you can replay the stream right now and see her doctor behind the curtain at 1:02:06 He’s peering at HRC and then whispers something to a woman aide in a white blouse.

  32. STEAMturd says:

    Really, if you don’t like her and she does have health issues, then you get a much less dishonest Tim Kaine who is actually a pro-lifer and besides his willingness to accept lots of gifted trips. In comparison to Over The Hillary (someone ought to release this nickname to the Trump Campaign), he’s an angel.

    “I’m Over the Hillary,” should be Trump’s motto.

  33. No One says:

    Gary Johnson is the least disgusting of the three, and is the healthiest. Case closed.

  34. STEAMturd says:

    ExPat…you are nuts.

  35. STEAMturd says:

    Gary Johnson will have my vote.

  36. Hyper-aware, similar symptoms;-)

    ExPat…you are nuts.

  37. BTW, the short-haired woman with the camera on stage is Barbara Kinney, the campaign photographer (who has also been with Clinton for over 20 years). I often see her giving the stink-eye to paparazzi photographers in candid shots of HRC. Most recently in a very unflattering shot of Clinton being walked to her Scooby Van Sunday evening in the Hamptons.

  38. Ben says:

    22 This subject came up at a neighbors BBQ about our district being rated somewhere in the middle as far as schools are concerned. Then the mention of four kids that went through our system, one just became a physical therapist, another finished law school,
    one who’s doing great with the father’s construction business, and also a performing arts graduate with Broadway shows under her belt. All great kids and parents.

    I’ve taught in two schools that were basically “number 1” very recently. I have the option of sending my kids to these districts. I’m more than content to send my two kids to “number 73”. I am 99% certain the outcome will be much better in terms of where they get in.

  39. 3b says:

    I am in mod.

  40. Even though my kids go to Boston Latin, I’m in agreement it doesn’t much matter where you go to school so long as there are no guns, gangs, etc. The main essentials are:

    1. Two parents, at least one of them has bona fide career or secure job.
    2. Read to your kids every night until they can read themselves.
    3. Make sure they read every night until they are proficient.
    4. Make sure continue to read after that.

    Flip that coin over and its instant failure
    1. Less than two parents with no secure job.
    2. Guardian(s) themselves are illiterate.

  41. #3 should be Make sure they read to you every night until they are proficient.

  42. Fast Eddie says:

    Grim,

    What happened to the numbered posts? That was my bookmark! I have to depend on date and time stamps now?

  43. chicagofinance says:

    How Pat LaFrieda Finds Peace 20 Feet Up a Tree

    The butcher and meat purveyor clears his mind while hunting deer with a bow and arrow in rural New Jersey

    Pat LaFrieda, a fourth-generation butcher in the New York City area, spends as much free time as he can in his 20-foot-high platform on his 70-acre property in Blairstown, N.J., hunting deer.

    By HEIDI MITCHELL

    The beef, game, pork and fowl Pat LaFrieda sells are on the menus of big-name restaurants in New York, Las ^egas and M!ami like Babbo, Porter House, Eleven Madison Park and NoMad—not to mention Shake Shack, Danny Meyer’s burger chain, for which he developed the patty blend.

  44. chicagofinance says:

    But the New York native and former Wall Street br0ker finds solace not in his meatpacking factory or at the white-clothed tables of the restaurants he serves, but on an 18-by-24-inch wood platform set 20 feet above the ground near his weekend home in Warren County, New Jersey.

    During deer-hunting bow season, which in New Jersey runs from September to January, Mr. LaFrieda will climb up a ladder, harness himself to his oak tree and wait up to 10 hours in absolute stillness for the right animal to cross into his sightline. His passion is hunting white-tailed deer with a Mathews bow from about 40 yards away. It takes patience.

  45. chicagofinance says:

    “All your senses are alert. You have a 50-50 chance of seeing a deer, you have a one-in-20 chance of coming close enough in range to send an arrow flying, and you maybe have a one-in-100 chance of hitting a buck that you’d be proud to harvest,” he says.

    Some days he doesn’t shoot any arrows. “As a bow hunter, the goal is to target something bigger than you got previously, which can mean letting 100 deer pass by,” he says. The quiet time allows Mr. LaFrieda to reflect on his business. “Sitting still definitely requires noise and movement discipline, which I learned from my time in the army,” says Mr. LaFrieda, 45, who admits he’s not always so focused.

  46. chicagofinance says:

    Mr. LaFrieda waits in silence in his treetop perch for the right white-tailed deer to come into view. His pass!on is bowhunting. Some days he will spend 10 hours hoping for a worthy buck to pass into sight. Most days, he doesn’t even shoot off an arrow.

  47. chicagofinance says:

    Sometimes he’ll go up on his tree stand at 5:30 a.m. “I can sit still for just 10 minutes until I sneak my hand into my pocket and do what I promised I wouldn’t do and look at my phone,” he says.

  48. chicagofinance says:

    A couple of times he’s broken the silence to answer a call from a customer or his talent agent. “Once my agent said she needed a favor, so I negotiated a QV-C appearance—and I made about $10,000 in that seven-minute spot,” he says.

  49. chicagofinance says:

    Usually he takes his alone time seriously, although he does find it funny when he drives his h^ul, str^pped to the roof of his car, through the West V!llage to a meat l0cker. “One time this Jama!can family pulled up next to me and asked where I got that g0at,” he says with a laugh.

    On a bitterly cold Saturday night, he picked up Mr. Masci after closing at 2 a.m., and drove to a favorite deer-hunting spot in Schoharie County, near Albany, N.Y. Mr. LaFrieda had packed the gun he occasionally used for bird-shooting with friends, but he didn’t intend to handle it. Instead, he waited as Mr. Masci went into the woods and just tried to stay warm.

    He picked an unexpectedly lucky spot—beneath roosting wild turkeys. At about 6:30 a.m., a bird began to take off, putting Mr. LaFrieda on high alert.

    “When a bird that big is that close, it sounds like a helicopter landing. I shot the first one I saw,” he says. When Mr. Masci returned at 5:30 p.m., the chef was shocked. “He said no one has ever gotten a turkey up there before. And it’s never happened to me again,” Mr. La Frieda says. That was in 1997. He’s been hooked ever since.

    The steel-tipped arrows he uses are made for maximum impact and a swift ending to the animal’s life. ‘I think hunters have a responsibility to hit the vital areas of the animal. I spend a lot of time practicing with my bow,’ he says.

    He finds the hunting stand on his 70-acre property to be the most calming place in the world. He tries to go up there at least once a week, ideally on his own.
    “I have seen many things in nature than most city people will never see. I have seen two bears in a fight. I watched a bear tackle a deer at a distance.” Sometimes he harvests a worthy buck, which he guts and butchers and shares with friends.
    The only downside to his elevated perch: “I am very often removing a tick from some part of my body,” he says.

  50. chicagofinance says:

    The third-generation meat wh0lesaler (and fourth-generation butcher) was introduced to hunting after joining the family business by restaurateur Gino Masci, an avid b0w hunter and an important customer.

  51. chicagofinance says:

    grim: “wh0lesale” throws you into the netherworld of posting?

  52. grim says:

    Wholesale

  53. NJCoast says:

    Playing mah Jongg at the beach with Mr LaFrieda’s great aunt. She’s 94 and still going strong.

  54. Anon E. Moose, Second Coming of JJ says:

    ONJ [44];

    I’d go even further. Regardless of parentage:

    1) Finish High School;
    2) Don’t get arrested; and
    3) Don’t get pregnant.

  55. gary – I used to notice this just on Safari and only occasionally, but now the numbers are gone for me on Safari, but show up on Chrome, that’s on a Mac. On my iPad the numbers show up on Safari.

    Grim,

    What happened to the numbered posts? That was my bookmark! I have to depend on date and time stamps now?

  56. [58] Yep – Those are some good rules too, Moose. Also keep track of your kids homework and make sure they do it, with an emphasis on “they” (as in not you).

    ONJ [44];

    I’d go even further. Regardless of parentage:

    1) Finish High School;
    2) Don’t get arrested; and
    3) Don’t get pregnant.

  57. grim says:

    How about:

    Do your fcking job as a parent

    Is that a good one?

  58. Juice Box says:

    Yeesh silly missives from the successful people? Being a parent is the hardest and longest job in the world but alas it is also via nature the easiest job to get and a job that some will never do….

  59. I had an engineering professor who told the class that most people aren’t as successful as they would like to be because they failed to pick their parents properly.

  60. D-FENS says:

    Gary Johnson is the worst. Doesn’t even understand what a libertarian is.

  61. grim says:

    Shocking new study shows best rated school districts located near pockets of exceptional parents.

  62. grim – My line has for years has been, “You can’t fix what’s wrong in the home buy dumping money into the schools”, but you just raised the game to a …whole…’nother…level. Succinct, facetious, short, memorable. Nice work. Perhaps post of the year?

    Shocking new study shows best rated school districts located near pockets of exceptional parents.

  63. I hate my porr [sic] grammar after hours.

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