MARKET DAILY

Market 12/26: US housing market continues to tighten at year-end

US home prices rise for the 9th consecutive month. Oil prices maintain weekly gains as Red Sea tensions escalate.

Nhật Thanh Lê
Nhật Thanh Lê

Home prices in the 20 largest US cities in October rose +0.64% M/M - the 9th consecutive m/m increase.

The corresponding Y/Y home price increase is +4.87% - the highest since 12/2022.

Miami and Detroit saw the strongest monthly home price increases; while home prices on the West Coast fell sharply, exemplified by San Francisco, Portland, and Seattle.

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