US house price data from S&P CoreLogic Case-Shiller

  • Prior was +5.18%
  • Prices up 1.27% m/m vs +0.8% exp
  • Prior was +0.47% (revised to +1.35%)
  • National index +6.96% y/y vs +5.81% prior

Housing is sizzling. It's a boom and it will be a secular trend so long as rates stay low. I think it's still early days.