Tuesday, March 5, 2013

Home Prices UP 9.7% Over last 12 Months

The results of Ben Bernanke money printing are clear to see.

CoreLogic's home price index rose 0.7 percent in January from the previous month and jumped 9.7 percent compared to a year ago. It was the biggest yearly increase since April 2006 and the 11th month in a row that prices have increased.y. On a month-over-month basis, including distressed sales, home prices increased by 0.7 percent in January 2013 compared to December 2012

All but two states - Delaware and Illinois - showed yearly gains.

Of the top 100 statistical areas measured by population, 92 showed year-over-year gains, up from 87 in December.

Can price inflation at the consumer level be far behind, as the Bernanke money works its way through the economy?

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