UK House Prices Under Threat As Traders Pare Back Rate Cut Bets
The UK housing market recovery is threatened by investors scaling back bets on how far the Bank of England will cut interest rates, according to a new report.
Sep 29, 2020
Home Prices in 20 U.S. Cities Accelerate the Most Since 2018
, Bloomberg News
(Bloomberg) -- Home prices in 20 U.S. cities gained in July, pushed higher by demand for housing that has been fueled by low mortgage rates.
The S&P CoreLogic Case-Shiller index of property values increased 3.9% from 2019, beating the estimate of 3.6%. It was the biggest year-over-year increase since December 2018.
The housing market has been an unexpected bright spot for the U.S. economy, with Americans eager to take advantage of record-low mortgage rates. A shortage of inventory has helped prop up prices, particularly as Americans look for more space to spread out.
©2020 Bloomberg L.P.
