US House Price Index YoY For April 6.3% Vs 6.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The US House Price Index for April showed a year-over-year increase of 6.3%, down from the previous month's 6.7%.
June 25, 2024 | 1:00 pm
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The US House Price Index for April increased by 6.3% YoY, slightly lower than the previous 6.7%. This could indicate a cooling housing market, potentially impacting the broader economy and SPY.
A slight decrease in the House Price Index suggests a cooling housing market, which could have mixed effects on the broader economy. SPY, representing the S&P 500, may see neutral short-term impact as investors weigh this data against other economic indicators.
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