Home Prices Continue to Rise!

[Foster Algier]

S&P CoreLogic Case-Shiller recently released their National Home Price NSA Index which showed that home prices rose at 5.8% annually in March, representing a 33-month high. Their 10-City Composite posted a 5.2% annual increase and their 20-City Composite reported a year-over-year gain of 5.9%. Seattle, Portland, and Dallas reported the highest year-over-year gains among the 20 cities. Ten cities reported greater price increases in the year ending March 2017 versus the year ending February 2017.

What do you think? Are we racing toward another bubble/burst scenario? Or is this sustainable growth of property wealth??