US Home Prices Accelerate At Fastest Pace In 11 Months

US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY – the fastest pace in almost a year…

Source: Bloomberg

Prices in all 20 cities increased in the year through December, led by Phoenix; Charlotte, North Carolina and Tampa, Florida.

Of course, amid collapsing interest rates – and implicitly mortgage rates – we suspect this rebound in home price growth will continue…

 

Making homes more and more unaffordable.

via zerohedge

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