Mish: Housing Top Is In

Mish gives us two charts from the St. Louis Fed. The high price marks for both median and average home prices in the USA was April 2022.

He also provides concise tables of pre-pandemic median and average home prices to April 2022 Peak:

Mish Talk headline: New Home Prices Drop a Record Amount Since April, Top Is In

Subheadline: The median and average new home price have fallen a record amount since April 2022.
MISH AUG 2, 2022


Median Home Price Details

April Median: $457,000
June Median: $402,400
11.95 Percent Decline

Average Home Price Details

April Average: $569,300
June Average: $456,800
19.76 Percent Decline

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