US home prices (in the 20-city Case-Shiller universe) rose at 5.89% YoY – the strongest growth since July 2014.
This has pushed the national home price index to new record highs…
Perfect time to hike rates and deflate yet another bubble?
The 3-6 month lag effect of rate moves on home prices is looming.
via http://ift.tt/2s9HSXX Tyler Durden