US Case Shiller 20-city yy prices
- Prior was +0.1% y/y
- m/m price rise vs +0.7% expected
- Prior m/m reading was +0.9%
National monthly home price data from the FHFA:
- Prices +5.6% y/y vs +4.6% prior
- Prices m/m +0.6% vs +0.8% prior
Note that these strong August numbers were all before the latest spike in 30-year fixed mortgage rates to 8%. The September and October data should be much softer.