US Home Prices Surge Most Since 2014

For the 29th month in a row, US home prices rose at a faster pace than incomes with November prices rising a better than expected 6.41% – the highest since July 2014.

The 20-City Composite rose 6.41% YoY in November (above the 6.30% expectations)

https://www.zerohedge.com/sites/default/files/inline-images/20180130_CS.jpg

The 20-City Composite price index is within 1% of its record highs from 2006…

https://www.zerohedge.com/sites/default/files/inline-images/20180130_CS1.jpg

“Top”? or “Breakout”?

Source: ZeroHedge

 

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