House Price Index (MoM) For June 0.3% Vs 0.2% Est.; 0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The House Price Index for June has increased by 0.3%, which is higher than the estimated 0.2% but lower than the prior 0.7%.
August 29, 2023 | 1:00 pm
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POSITIVE IMPACT
The House Price Index, which is higher than estimated, may have a positive impact on SPY as it indicates a healthy real estate market.
The House Price Index is a key indicator of the health of the real estate market. A higher than expected index suggests a robust market, which can positively impact the broader economy and, by extension, the SPY ETF, which tracks the S&P 500.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50