CoreLogic reports that home prices rose 6.45% for the 12 month period ending August 2014. Home prices nationwide are still 12.1% below the peak established in April 2006. Our climax in Utah came just over a year later.
This morning’s JOLTS report showed that there 4.8 million job openings and 4.6 million hires in the month of August.
Stocks are having another dog day, the DOW down 130 currently. Bonds are testing the 12-month-high pricing threshold, having been beat back down like a neophyte prize fighter the last five attempts to break through the obstinate barrier. Lower rates lie on the other side…
