Thank You, Janet Yellen

For the first time in U.S. economic history , a metro’s median 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,

 -RW