USA House Price Index (YoY) For June 5.1% Vs 5.9% Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA House Price Index for June shows a year-over-year increase of 5.1%, down from a revised 5.9% in the previous period. This indicates a slowdown in the growth of house prices.
August 27, 2024 | 1:01 pm
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The USA House Price Index for June increased by 5.1% YoY, down from 5.9% previously. This slowdown in house price growth may impact the broader market sentiment, potentially affecting SPY.
The SPY ETF, which tracks the S&P 500, could be influenced by macroeconomic indicators like the House Price Index. A slowdown in house price growth might signal broader economic trends, but the direct impact on SPY is uncertain.
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