House price data fro Case-Shiller
– Prior was +5.27%
– Prices up +0.93% m/m vs +0.70% exp
– Prior +0.89% m/m
Two months of house price rises near 1% along with an acceleration in the y/y number. Could we be headed back to the 2004-2006 era of +15% house price rises? Probably not but they could accelerate from here.
December US Case-Shiller 20-city house price index +5.58% vs +5.4% y/y exp
ByAdam Button
Feb 28, 2017