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U.S. home prices rose 7.4% Y/Y in November, according to CoreLogic, the fastest pace since 2006....

U.S. home prices rose 7.4% Y/Y in November, according to CoreLogic, the fastest pace since 2006. The company's pending index suggests the December read will tick up to 7.9%. Home prices are now off 26.8% from the peak, but up 9.6% from what looks to be the post-collapse low in February 2012.
Comments (2)
  • GaltMachine
    , contributor
    Comments (1129) | Send Message
     
    Big bright spot for the economy. Get this fixed and balance sheets start to look a lot better.
    15 Jan 2013, 10:12 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3777) | Send Message
     
    great fix. three cheers. real median incomes are being squeezed and prices off to the races? this freaken financial system is so corrupted bloated and manipulated. the lower house prices were GREAT for the economy since they set them down to fundamental fair valuation and corrected such overvaluation imo. Ramping up prices again is good? Good luck with this. we got this crackpot leading the fed and he was not even voted in by the people. of course he would be elected since a large portion are sucking off the govt in mass.
    it is amazing how people overlook the absolute reckless monetary policies being instituted and think they are just wonderful.
    take away artificial interest rates, fha and fannie and what's left for the avg squeezed family?
    There is a day of reckoning coming. This paradise fantasy of free money for all will end and when it does reality is poverty rates going to soar. Even this manipulated refiing of the economy is not going to help as everyday things will accelerate upwards puttin more into poverty.
    15 Jan 2013, 10:57 AM Reply Like
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