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...

Source: Bloomberg

Making homes more and more unaffordable.