​US Home Prices Surge To 17th Consecutive All-Time High – Tyler Durden

US Home Prices Surge To 17th Consecutive All-Time High US home prices in the 20 largest cities rose 0.32% MoM in October (the latest data from S&P CoreLogic Case-Shiller), considerably hotter than the 0.22% rise expected. However, despite the MoM beat, the pace of annual acceleration has declined to its slowest since Sept 2023… Source: Bloomberg So 100bps of rate-cuts prompted a reacceleration in home prices… …despite surging mortgage rates… Arguably, (lagged) mortgage rates increased during that period, and dipped since (positive short-term for the highly smoothed and lagged Case Shiller series), but as is clear, things do not end…  — Continue at ZeroHedge News : Read More