Gavekal Capital: US Home Prices Rise In July

Tuesday, September 2, 2014

US Home Prices Rise In July

CoreLogic released their home price index for July today and it showed another 1.25% month-over-month gain in June (including distressed sales). Their index is 7.4% higher than one year ago. If you exclude distressed sales, house prices still rose by 1.07% in July and are 6.76% higher year-over-year. The more closely watched Case-Shiller Home Price Index won't release their July pricing data for another four weeks. However, given how closely CoreLogic and Case-Shiller move together, we would expect at least another 1% gain for July when the Case-Shiller HPI is released on Tuesday, September 30th.

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Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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