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DewDiligence

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Re: DewDiligence post# 13117

Tuesday, 11/29/2016 1:40:27 PM

Tuesday, November 29, 2016 1:40:27 PM

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US home prices exceed pre-recession high—not adjusted for inflation:

http://www.wsj.com/articles/u-s-home-prices-set-a-record-in-september-case-shiller-says-1480428083

U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the housing market since the Great Depression and stoking optimism for a more sustainable expansion. The average home price for September was 0.1% above the July 2006 peak, according to the S&P CoreLogic Case-Shiller U.S. National Home Price index released Tuesday.

…Adjusted for inflation, the index remains about 16% below the 2006 high.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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