Tuesday, October 30, 2012

The Home Price Climb Continues

Home prices continue are turning upward. According to the latest Case_Shiller report,released today, the 20-city home price index climbed 2.0 percent year-over-year in August, the third straight month of y-o-y gains.


Bottom line: Ben Bernanke money printing is working its way into the system, especially the housing mareke, i.e. the capital goods sector.

(Chart via Business Insider)

2 comments:

  1. What about the credit portion of the money supply? Is bank credit expanding again? It's wrong to only focus on the Fed and not look at bank credit in a fractional reserve system.

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  2. Wags, check out 'TOTBKCR' at St Louis Fed.

    ReplyDelete