US Home Prices Accelerate At Fastest Pace In 11 Months
US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY – the fastest pace in almost a year…
Source: Bloomberg
Prices in all 20 cities increased in the year through December, led by Phoenix; Charlotte, North Carolina and Tampa, Florida.
Of course, amid collapsing interest rates – and implicitly mortgage rates – we suspect this rebound in home price growth will continue…
Source: Bloomberg
Making homes more and more unaffordable.
Tyler Durden
Tue, 02/25/2020 – 09:04
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com