US December CaseShiller 20-city house price index +4.5% y/y vs +4.4% expected

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Prior was +4.3% y/yMonthly +0.5% vs +0.3% expected (+0.4% prior)House price data from the FHFA:Prices +4.7% vs +4.2% y/y prior (revised to +4.5%)Monthly +0.4% vs +0.3% priorThese are some solid numbers that are a good pushback on some of the creeping bearishness around housing. That said, pricing is a lagging indicator. This article was written by Adam Button at www.forexlive.com.