The latest US house price data
- Prior was +2.23% y/y (revised to +2.22%)
- Prices up 0.48% m/m vs +0.4% exp
- National index +3.45% y/y vs +3.25% prior
There are plenty of signs pointing to a pickup in the US housing market. That's exactly what you would expect with a good jobs market and lowered interest rates. With coronavirus driving down rates even further at the moment, expected a continued bump through January.
