MRED Blog

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Home Sales Power Optimism

Prices Rise at Fastest Pace Since 2006, Calming Investor Fears of a Spring Swoon

Home prices in March rose by 10.9% from a year earlier, the largest such gain in nearly seven years, according to the S&P/Case-Shiller an index tracking home prices in 20 U.S. cities. Nick Timiraos has details. Photo: AP.

The housing-market revival—and an accompanying report on consumer confidence—adds new grist for a debate inside the Federal Reserve about how far to push its easy-money policies, including an $85 billion-a-month bond-buying program which has helped to keep mortgage rates near historic lows, boosted asset prices and begun to stimulate hiring and spending.

Read the full article from the Wall Street Journal

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