Tuesday, January 15, 2013

A graphical look at home prices

Is the corner turned?


That's the steepest price increase since May 2006. Nothing makes Americans happier than rising home prices (except, maybe, falling gasoline prices). The question is, does this reflect a substantive improvement in the economy, or is it a symptom of monetary policy looser than a... well, you can imagine, right? If the latter, are we only sewing the seeds of the next mess?

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