Thursday, August 11, 2016
Thank You, Janet Yellen
For the first time in U.S. economic history , a metro’s
home price has topped the $1 million mark.
Not surprisingly it is in Silicon Valley, where Janet Yellen's Federal Reserve has laid a direct money pump.
In the second quarter, San Jose was the most expensive metropolitan area in the country, with a median home price of $1.085 million, followed by San Francisco at $885,600.
Data released by the National Association of Realtors showed year-to-year increases in home prices in 83% of metropolitan areas across the country in the second quarter,
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