US June CaseShiller 20-city home price index +2.1% y/y vs +1.7% expected
- Prior was +1.6% y/y
- Monthly 20-city +0.2% vs +0.2% expected
- Monthly prior +0.2%
FHFA data:
- National prices +2.3% y/y vs +2.2% prior (revised to +2.4%)
- 0.0% m/m vs +0.3% prior
The US housing market has been in a years-long slump but this is a good number despite high interest rates. Yields are a bit lower today as oil prices decline.
This article was written by Adam Button at investinglive.com.