28 Feb '23 at 8:11 am #54020
US December Case-Shiller 20-city home price index -0.5% m/m vs -0.5% expected
Prior was -0.5%
Year-over-year prices +4.6% vs +5.8% expected
Prior y/y reading was +6.8%
US FHFA monthly house price index was down 0.1% m/m in December and up 6.6% y/y.
The spring housing market is going to be an interesting place to watch as inventories remain low but a big segment of potential buyers are shut out by high interest rates.