Home prices across the United States grew at the fastest pace on record in September 2021 according to the Case-Shiller index, rising 19.5% from a year ago. The fastest growth was seen in Idaho while North Dakota saw the slowest growth. Margin balances at brokers and dealers that allow investors to borrow against their portfolios also rose sharply, posing potential risks if home prices decline substantially from current high levels.

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This Could be a Problem
Margin accounts at brokers and dealers, $ bil
Sources: Federal Reserve, Moody’s Analytics

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Through the roof home price growth poses a risk
Sources: CoreLogic, Moody’s Analytics
Case-Shiller single-family home price index for September 2021, % year ago
Fastest Growth:
Idaho
USA:19.5%
Slowest Growth:
North Dakota