Details of the June S&P/Case-Shiller house price index:
– Prior 20-city y/y reading was +4.94% (revised to +4.99%)
– 20-city m/m -0.12% vs +0.13% exp
The numbers are a touch softer than expected. That’s probably the sweet spot for the Fed doves. Numbers that aren’t strong to hike but not weak enough to lead anyone to believe that the economy is slumping.
June Case-Shiller US 20-city house price index +4.97 y/y vs +5.1% y/y expected
ByAdam Button
Aug 25, 2015