- Prior was +1.8%
- Monthly house prices +0.2% vs -0.1% expected (-0.1% prior)
FHFA data:
- Annually +2.3% vs +2.3% prior
- Monthly +0.4% vs -0.1% prior
In the Case-Shiller data, there are some seasonal adjustments for the normal decline in August home prices and that could be flattering these numbers. The unadjusted number is -0.6% m/m.
This article was written by Adam Button at investinglive.com.