US Home Prices Surge At Fastest Pace Since 2018

US Home Prices Surge At Fastest Pace Since 2018

Tyler Durden

Tue, 09/29/2020 – 09:04

After three straight months of deceleration, US home prices re-accelerated in July (according to the latest Case-Shiller home price index data), rising 0.55% MoM (vs +0.1% MoM exp).

The 20-City Composite index surged 3.95% YoY – the best annual gain since Dec 2018.

US Home Prices Surge At Fastest Pace Since 2018

Source: Bloomberg

Phoenix, Seattle, Charlotte reported highest year-over-year gains among 19 cities surveyed.

New York was the only major city to see MoM decline in home prices.

US Home Prices Surge At Fastest Pace Since 2018


Continue Reading

HEDGE accordingly