Home Prices Are ‘Unstoppable’—Will They Stay That Way?

Home prices grew in the latest S&P CoreLogic/Case-Shiller Indices, up 6.1 percent year-over-year in August, compared to 5.9 percent in July. The increase is against-grain in an economy gaining at a lesser pace, says S&P Dow Jones Indices Chairman of the Index Committee and Managing Director David M. Blitzer.
“Home price increases appear to be unstoppable,” Blitzer says. “Most prices across the rest of the economy are barely moving compared to housing. Over the last year