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The Biggest Housing Bubbles in Major U.S. Cities  ( Original )
JAN 31, 2018

It's just relentless, With U.S. savings rate at lows not seen since the 2007/8 banking crisis, credit maxed out and interest rates on the rise, this is a recipe for a mega implosion.

The S&P CoreLogic Case-Shiller National Home Price Index for November, released this morning, rose 6.2% year-over-year (not-seasonally-adjusted). The index has now surpassed by 6.1% what was afterward called the crazy peak of Housing Bubble 1 in July 2006 and is up 46% from the bottom of Housing Bust 1

Instead, the purchasing power of the dollar with regards to these assets has been purposefully demolished by the Fed’s monetary policies...

The charts look similarly scary just before the great recession....

ORIGINAL SOURCE: The US Cities with the Most Magnificent Housing BubblesWolf Richter of on 1/30/18