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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!
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