House prices: "It looks like we are off and running again."

So says Robert Shiller.  The Federal Housing Finance Agency (FHFA) reports that September house prices were up 8.5% YOY.  Housing permits were up at a 6.2% annual rate in October, due mainly to apartment building plans, to 1.03 million units, a 5-year high.  Maybe the Fed's QE and ZIRP sparks have finally ignited the dry brush.