As The Federal Reserves twiddles it thumbs, US housing continues to burn … hot!
The Case-Shiller National home price index (HPI) grew at a 19.17% YoY rate in January despite mortgage rate increases.
Where? Phoenix, Tampa and Miami lead the way with Dallas, San Diego and Las Vegas close behind.
And Fed Chair Jerome “Nero” Powell continues to let housing prices burn red-hot!
By the time I get to Phoenix … home prices will completely unaffordable.