US house price data from the FHFA:
– Prior +0.5%
– Prices up 5.7% y/y vs 5.9% prior
– Quarterly house price purchase index 1.4%
– Prior quarterly house price purchase index +1.3%
Nothing surprising or notable in this data. House prices up 5.7% y/y and rents up even more are virtually the only source of consistent inflation in the United States.