The Case-Shiller 20 metro index of repeat-sales home prices is out for April (although it is almost July). The index rose 0.28% in April MoM. And the composite index rose 5.67% YoY.
The biggest “winner” for home price growth? Seattle at 12.9% YoY. The slowest growing city? Cleveland at 3.4% (although Washington DC and New York are close at 3.6% and 3.8%, respectively).
And credit standards are expected to loosen, at least for GSE eligible loans.