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The value of my home went down. The tax on my home went up. The price of homes in the USA went up 12.1 percent last month according to the Standard & Poor’s/Case-Shiller 20-city home price index.the most since 2000.
What indications can be taken from this. Is it a good time to buy, sell, rent, or what? Since building permits did not go up ... is this really a sign of recovery or just a shortage of houses on the market causing the prices to rise?
Is this a good economic indicator?
I honestly do not know the answers.