The Housing Market Index

Well, technically the "Wells Fargo" Housing Market Index, as if Wells Fargo paid to have its namesake up on a stadium. Kind of like the "Excel Energy Center" or "Staples Stadium" they have the "Wells Fargo" Housing Market Index.

Anyway, here is what is measures. And if that it too elongated, the HMI basically measures how healthy the housing market is.

And it isn't too healthy. You know those bevy of cookie cutter townhomes/single family homes that form a big massive circle around every major metropolitan area and sprawl out for miles until all you can see is a vast sea of identical and un-unique housing that all of the sudden makes you feel like you're in a public housing project designed by communist architects?

Yeah, those architectural master pieces are foisting a glut of supply on the housing market, driving down prices.

It's also driving down the HMI to it's lowest point in 11 YEARS!



A buyers market for sure, but a market so overvalued you'll definitely want to low ball those selling by a significant margin.