- Prior was -1.3%
- Prices +10.4% y/y vs +10.8% expected
- Prior +13.1%
The FHFA price index:
- +11.0% y/y vs +11.9% prior
- Prices +0.1% m/m vs -0.7% prior
This is old data from September and pricing is a lagging indicator to begin with. That said, there have been signs of a bottom in US housing as rates flatten out. What happens next will depend on what happens with interest rates and what happens with rates will depend on inflation.
