Case-Shiller Home Prices Surge At Fastest Pace (6.34% YoY) Since 2014 [Still Over 2x Hourly Earnings Growth]

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Yes, The Federal Reserve is removing its excessive monetary stimulus at a sloth-like pace.

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And home price growth is actually accelerating with the February Case-Shiller HPI growing at 6.34% YoY.

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Home price growth is still growing a greater than 2x hourly earnings growth and has been since 2012.

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Seattle, San Francisco and Las Vegas continue to lead the nation in YoY home price growth. Bringing up the rear are Chicago and Washington DC.csfed

As long as The Fed is slow (to normalize), you count on home prices to grow over 2x earnings growth.

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