Here’s the weekly update on OC COVID-19 cases, hospitalizations, and ICU patients. I don’t have much to add to the graph, other than we are in serious danger of having to rollback the opening.
Housing Inflation Here We Come!
One of this issues I have been highlighting is the potential for inflation. One of the biggest places we probably have seen inflation is in assets like stocks.
Well, housing will certainly be part of the equation. Even with everything shutdown in April, house price increases ACCELERATED in April! Even in Seattle, New York, and SFO where things were REALLY closed!
Here’s the Case Shiller Index.
This will be something to watch over the next few months with Housing Inventory low and mortgage purchase apps high. It’s the perfect recipe for some serious house price increases.