In a note to clients following the release of the S&P Case-Schiller data, Rafferty Capital analyst Richard Bove tied the rising home prices to bank stock valuations. "The banks have marked down their holdings
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
The housing sector is marching on, pulling the economy along.
The U.S. economy added 2.3 million middle-income jobs from 2013 to 2015, almost double the gains in the first three years after the recession.