- Prior was +0.1% y/y
- Prices -1.1% y/y vs -1.6% expected
FHFA numbers — which are national rather than 20 cities:
- y/y prices +3.6% vs +4.0% prior
- m/m prices +0.6% vs +0.5% prior
Despite the fastest Fed hike ever, home prices are basically flat in the 20-largest cities and higher when you broaden it out to the whole country. Lately though, there are signs of rapidly-falling buying interest with mortgage rates back over 7%.