Despite stagnating incomes, record low home-ownership, surging interest rates, and stalling employment data, home-prices in America rose 5.04% YoY in March – the biggest jump since August – as overseas money floods into American real estate and crushes the affordability dream for Hillary’s ‘everyday American’. No surprise, San Francisco and Denver reported the highest year-over-year gains, with price increases of 10.3% and 10.0%, respectively, over the last 12 months. This is the highest home price index since Feb 2008.
Biggest YoY gain since August…