Once again, absolutely no surprise to our readers: Fed data announced today reported the biggest jump in housing prices in the last 65 years.
Case Shiller Index for January was also up. January report showed a 1.02% monthly advance, versus a Wall Street estimate of 0.80%. Let’s repeat….this recovery in housing prices is greater than people are expecting and realizing. The short term trend is for prices to continue to rise, and probably surge in many markets.
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Chartered Financial Analyst, CFA