Boston Condos for Sale and Apartments for Rent

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How the mainstream media is reporting Case-Shiller numbers

How the mainstream media is reporting today’s Case-Shiller numbers:

  • U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand.
  • Monthly house prices fell in July for the first time since late 2018.
  • The housing market has been hammered by aggressive Federal Reserve interest rate hikes that are aimed at curbing high inflation by dampening demand in the economy.
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Robert Shiller

My interpretation of the Case-Shiller residential sale numbers:

  • Higher rates are causing buyers AND sellers to wait-and-see.
  • Inventory is expected to be lower than ever in 2023.
  • Realtors aren’t offering viable solutions.