Housing recovery starts to look like a boom.

The influential S&P/Case-Shiller Home Price indices for January is chock full of superlatives.

The indices posted their “highest year-over-year increases since summer 2006”; overall, U.S. home prices posted their “highest increase since the housing bubble burst.” Housing starts posted “double digit year-over-year increases” and the inventory of unsold homes is down to its “lowest post-recession levels.” Read more…