Expensive Houses, Falling Confidence

US home prices are rising at the briskest annual rate since November of 2022 and consumer confidence is fading. That's the short version of Tuesday's notable macro releases out of the world's largest economy. Frankly, the short version's the only version you ever need. But, every data point must be parsed, a rote exercise that begins and ends with comparisons to "consensus." Consensus of course represents the collective wisdom of economists. That wisdom said home prices, as measured by the gol

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