This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
According to the S&P/CoreLogic/Case-Shiller home price index, US home prices are back to the peak of the housing bubble (2006). Of course, home prices had a little help from their friends at The Federal Reserve with their zero interest policies and balance sheet expansion.
Of course, much of this home price growth is on the West Coast in cities like Portland and Seattle.
New York and Washington DC continue to have the lowest growth rate in home prices YoY.
And in honor of the Cleveland Cavaliers winning the NBA Championship and the Cleveland Indians in the World Series starting tonight (Lester versus Kluber), even Cleveland has a higher home price growth rate than New York or Washington DC.
For the sake of the Cleveland Indians and home prices, it is time to call on Jobu for help!
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.