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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
House price growth continued apace in January on an annual basis, per the S&P CoreLogic Case-Shiller and FHFA indices, suggesting that momentum in the housing market remains after rising mortgage rates induced temporary weakness in 2022 and early 2023.
- The S&P CoreLogic index posted 6.03% Y/Y growth, below the 6.12% expected but up from 5.57% prior; the 20-City index was in line at 6.59% vs 6.60% prior and 6.15% prior. The FHFA purchases index (SA) rose 6.3% Y/Y, a slight slowdown from 6.6% prior but still marking robust gains.
- The S&P CoreLogic indices are now at all-time highs on both the national and 20-city measures, having risen on a seasonally-adjusted basis, with a month/month dip in the FHFA bringing that index a little bit below the all-time high set in December.
- While affordability concerns, including high mortgage costs, continue to present headwinds to housing activity, particularly to existing home sales, ongoing data suggests that they have not been sufficient to rein in house prices.
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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