House Price Index YoY For March 3.6% Vs 2.4% Expected
Portfolio Pulse from Benzinga Newsdesk
The House Price Index for March increased by 3.6% YoY, surpassing the expected 2.4% growth.
May 30, 2023 | 1:01 pm
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POSITIVE IMPACT
The better-than-expected House Price Index for March may positively impact the SPY ETF in the short term.
The House Price Index is an important economic indicator that reflects the health of the housing market. A higher-than-expected growth rate of 3.6% YoY for March, compared to the expected 2.4%, suggests a stronger housing market. This positive news may lead to increased investor confidence and a potential short-term positive impact on the SPY ETF, which tracks the performance of the S&P 500 Index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50