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Case-Shiller Home Price Index Hits All-time High! (Despite Record Low Wage Recovery After A Recession)

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

What an incredible “recovery” from The Great Recession!

Liquidity moves markets!

Follow the money. Find the profits! 

The Case-Shiller 20 Metro home price index hit an all-time high!

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Despite home price growth YoY of 5.10% being over 2x average hourly earnings growth for production and non-supervisory workers of 2.40%.

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The WORST wage recovery from a recession since 1965.

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The big loser? The Big Apple!!

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Seattle is the biggest winner, followed by Portland.

Foreign investors and super low interest rates make for unaffordable housing for 82% of the population.

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But the cheap money does make a nice gift for current homeowners!!!

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