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Surprise! US Home Prices Are Rising Again
US home prices unexpectedly rose in February, backward-looking data released on Tuesday showed.
I'm not sure "unexpectedly" is the best word. I wasn't taken aback by the numbers and some of you won't be either, but to the collection of economists and experts who venture guesses for a living, the gains were a surprise.
FHFA's home price index rose 0.5% in February from January against expectations for 0.1% drop. The range of estimates from a dozen forecasters was -0.4% to 0.1%.
It was the la
The Fed will quash it and live with the consequences
‘Americans will take any opportunity to borrow and spend’ – and, to a degree, the rest of the world (or I at least) is grateful… supporting the world economy…
OTOH, it does feel like a disease and not beneficial to Americans themselves.