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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 registered a third relatively tepid month in July, rising 0.12% M/M (sa, cons 0.2) after two flat months (although June was revised up slightly from -0.07 to 0.00).
- The year-ago rate is still solid at 4.5% Y/Y although 3m/3m pace has slowed to just 1.3% annualized.
- The S&P CoreLogic 20-city measure meanwhile is running hotter despite surprising lower, with 0.27% M/M in July (sa, cons 0.4) after two months averaging 0.43% M/M.
- This relative outperformance to the national FHFA series is clear in trend growth, with 5.9% Y/Y and a still solid 3m/3m rate of 4.8% annualized.
- Still prone to potential revisions, the difference between the two series tentatively suggests prices for city dwellings are proving stickier than more rural counterparts.
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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