Home prices keep on rising. According to the S&P Case Shiller repeat sales index, home prices rose 1% in May and 5.6% YoY.
But the Case-Shiller home price index continues to grow at over twice that of inflation and wage growth.
The biggest winner? Seattle. The slowest growing? Cleveland, Chicago and Washington DC.
West coast home prices really took after after The Fed’s third round of quanitative easing (QE3).