The month-to-month housing report from S&P CoreLogic Case-Shiller

  • Prior was +9.08%
  • 20-city m/m +1.25% vs +1.2% (prior was +1.42%)
  • Nationwide index +10.37% y/y vs +9.49% prior

There’s all of the discuss concerning the excessive US financial savings charge through the pandemic however that is dwarfed by the quantity of housing wealth that is been created. That cash goes to be tapped, to some extent.

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