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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- FHFA house prices were in line in November, increasing a seasonally adjusted 0.31% M/M (cons 0.3) after a downward revised 0.27% (initial 0.34) in Oct.
- It’s the second month with a rounded 0.3, the slowest monthly pace since Jan’23 having increased an average 0.7% M/M in the eight months through Feb-Sep.
- S&P CoreLogic 20-city prices missed meanwhile, rising a seasonally adjusted 0.15% M/M seasonally (cons 0.50) after an almost unrevised 0.63% M/M in Oct.
- In a similar pattern to the FHFA data, it marks the softest print since Feb’23.
- The softer pace of seasonally adjusted house price growth has come as existing home sale relative supply has closed the gap with pre-pandemic years for the early winter months – see charts.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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