According to @KobeissiLetter, Redfin data show the U.S. median home sale price rose 2.4% year over year in the four weeks ending November 9 to $393,700, the highest since August (source: Redfin). @KobeissiLetter adds the latest gain is the largest in six months and that prices are up by roughly $18,700 over the past three years (source: Redfin via @KobeissiLetter). Home purchase prices are not directly used in CPI; shelter inflation is instead based on rents and owners’ equivalent rent, which together carry about one-third of headline CPI (source: U.S. Bureau of Labor Statistics). Sticky shelter inflation can delay policy easing as the FOMC intends to keep policy restrictive until inflation moves sustainably toward 2%, a macro setup crypto traders in BTC and ETH monitor via rates and USD trends (source: Federal Reserve Board; source: Kaiko Research).

According to The Kobeissi Letter, the median home price in the Washington, DC area has decreased from approximately $699,000 in November 2024 to $560,000 today, reflecting a 20% drop in about three months. This drastic fall indicates a potential oversupply or reduced demand in the housing market, which could affect trading decisions in related real estate investment trusts (REITs) or housing-linked financial instruments.