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Tuesday, August 30, 2016

Case-Shiller June 20-city US house price index -0.07% m/m vs -0.10% exp

  • Prices up 5.13% y/y vs +5.12% exp
  • May prices were up 5.25% y/y
  • Overall house price index +0.21% m/m vs +0.13% prior
I increasingly believe that US house prices could run higher over the next 2-3 years. Low rates and low returns are pushing savers and wealthy investors out of financial assets and into real estate.

Here's a look at the Case-Shiller house price index:

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