Home prices are up. The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the three-months that ended in October. It’s up 6.2% compared to the same period a year ago. The 20-city index also rose a seasonally adjusted 0.7% for the month and it’s up 6.4% for the year. Seattle was up 12.7% for the year but was off 0.1% for October. Portland was up 7.1% for the year and off 0.3% for the month.
Crude oil is near its highest price since July 2015. February crude is up 0.9% to $58.97 a barrel on the New York Merc. Traders are monitoring the outage of the Forties Pipeline System in the North Sea where a hairline crack stopped the flow of 450,000 barrels a day of crude earlier this month. Pipeline operator Ineos said Sunday it is making progress toward a restart, anticipated early in January. A small number of customers are sending volumes through the pipeline at low rates.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
