The Case-Shiller 20 city house price index increased 2.2% in June, the S&P reports this morning. That increase follows a 2.5% increase in May, and brings the year over year gains to 12.1%.
The composite-20 city house price index level in June was 159.54 from 156.18 in May.
The composite-10 city house price index level in June was 173.37 from 169.69 in May.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
The composite-20 is at about the same level it was in April 2004.
All 20 cities tracked showed month over month gains in June. Las Vegas has the highest year over year growth at 24.9%. New York has had the slowest year over year growth in house prices at only 3.3% gains.
Via: floatingpath.com
