It would appear that the ‘gambler’s in these 5 cities were not told that the government would be shutting down, that confidence would drop, that affordability would plummet… instead they were told that nothing has changed and 29% YoY home price gains are for buying not selling..
Year-over-Year Home Price Gains…
Though it does seem that some of the ‘froth’ is starting to fade in the Detroit metropolis… (though over 16% gains).
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/ymZ0L-FY8Oc/story01.htm Tyler Durden