SCOREBOARD: Home and hosed

The US posted its strongest house price data in seven years, fuelling new highs on Wall Street.

If you heard something odd last night, something eerily similar to the shrieking of a pack of wild hell hounds – through pain or rage, perhaps both – then what you heard was the sound of The Legions. That is, the legions of undead US pessimists.

You see, S&P/Case-Shiller released their house price index last night. It rose 1.2 per cent in February following a 1 per cent gain the month prior, to be 9.3 per cent higher annually. It cannot be!


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