Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: home prices, Starlink, Arizona's ...

BY DANIEL TENREIRO & ANDREW STUTTAFORD June 30, 2021 BY DANIEL TENREIRO & ANDREW STUTTAFORD June 30, 2021 About Home Prices . . . Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: home prices, Starlink, Arizona's flatter taxes, and antitrust. To sign up for the Capital Note, follow this link. News and Views Raising (the cost of) the Roof Well . . . CNBC: Home prices in April saw an annual gain of 14.6% in April, up from a 13.3% increase in March, according to the S&P CoreLogic Case-Shiller National Home Price Index. Among larger cities covered by the index, the 10-city composite was up 14.4% year over year, from 12.9% the previous month. The 20-city composite was 14.9% higher, up from 13.4% in March. Phoenix, San Diego and Seattle reported the highest year-over-year gains. All were up more than 20% from the year before. "April's performance was truly extraordinary. The 14.6% gain in the National Composite is literally the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data," said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices. What's driving this? (Note the strong FHFA ...   READ MORE

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