- I am an individual
- I am self-serving
- I do not own a home
- I have wanted / would like to own a home
- I will likely soon buy a home
How you may ask did I create this index? I took reported YoY CPI and backed out the YoY change in U.S. Housing CPI at the 23.942% weighting. I then took this result and added the YoY change in the Case-Shiller Home Price Index at that same weight.
The result? While it ignores things like the increased financing costs associated with a home purchase, the CSPI shows inflation is not as bad for an "average person" looking to purchase a home. It will be interesting to see how this reacts when home prices finally hit a floor. Stay tuned...