CoreLogic Reported home prices rose 0.9% in May and 1.2% in April. Home values are now up 1.4% Y/Y.
CoreLogic expects a 1% gain in June with a 4.5% gain over the next 12 months. We may be on a 10% appreciation pace.
With used vehicle price index showing used car prices falling 4.2% in June and over 10.3% Y/Y, the expectation is a Consumer Price Index (CPI) from 4% to 3.0%.
Crossing our fingers as this could be a positive reaction in the Bond market.
Office Space. This graph says a 1,000 words and will leave you with that.
