Bubble? Home Prices in 20 U.S. Cities Rise at Fastest Pace Since 2014 (But Wage Growth Is Terrible)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
Bloomberg has an interesting article on rapidly rising home prices. Despite the fact that US wage growth has been terrible since the Great Recession and is now (depending on how you measure it) 4 times lower than home price growth.
Home prices in 20 U. S. cities climbed in the 12 months through January at the fastest pace since July 2014, while nationwide the increase in property values also accelerated, according to S&P CoreLogic Case-Shiller data reported Tuesday.

This post was published at Wall Street Examiner on March 31, 2017.