Two weeks ago we unpacked some interesting aspects of the current housing market recovery, its importance to the US economy and its future sustainability. Since then we have read a number of interesting pieces that have provided enough fodder for a “part 2” post on the subject. https://www.seasoninvestments.com/insights/peeling-back-the-layers/
Since bottoming on the 24th of June the S&P 500 has smoothly sailed to higher highs, losing ground only 2 of the past 19 trading days through yesterday’s close. This has not been duplicated at any time in the last 30 years according to our math. https://www.seasoninvestments.com/insights/smooth-sailing/
After a six year slide which began in 2006, the US residential housing market is back from the dead in a serious way. The Case-Shiller 20 City Composite Home Price Index is up over 13% for the 12 months ending in April of this year. The question then becomes whether or not the current recovery in housing prices is sustainable. https://www.seasoninvestments.com/insights/a-horse-of-a-different-color/
