Home Prices Continue to rise. Office Space and allot of it.

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.


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