S&P CoreLogic Case-Shiller US National home price index rose a staggering 12% year-over-year, the fastest growth since the infamous housing bubble in 2005. The 2005 housing bubble was loose-credit related; this bubble is excess money related.
Inventory for sale is near all-time lows. With the massive surge in Fed M2 money, prices are growing at a sizzling 12% year-over-year.
All of the 20 metro areas grew at 10% and higher in February. Except for Chicago. Phoenix AZ and San Diego CA are both growing at a 17% pace.