FHFA: Houses up by 5.6%- good inflation

Markets

U.S. Home Prices Rose 5.6% in May From Year Earlier, FHFA Says

U.S. home prices rose 5.6 percent in May from a year earlier as buyers competed for a scarcity of listings.

Prices climbed 0.2 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency said in a report Thursday from Washington. The average estimate of 18 economists was for a 0.4 percent gain, according to data compiled by Bloomberg.

My daughter just asked me what inflation was. I asked her what she thought it meant. She said... Air? Helium? blowing up balloons?

We have inflation. The government is just steering it towards assets that make it look good

Meanwhile... back in reality where people spend money to live and can't use assets as piggy banks. People will not be able to pay their 2nd mortgages....