US December CaseShiller 20-city house price index +4.5% y/y vs +4.4% expected

• Prior was +4.3% y/y
• Monthly +0.5% vs +0.3% expected (+0.4% prior)

House price data from the FHFA:

• Prices +4.7% vs +4.2% y/y prior (revised to +4.5%)
• Monthly +0.4% vs +0.3% prior

These are some solid numbers that are a good pushback on some of the creeping bearishness around housing. That said, pricing is a lagging indicator.

This article was written by Adam Button at www.forexlive.com.