Spain's housing market just dropped some interesting numbers. Q3 house prices climbed 12.8% year-over-year—slightly beating the previous quarter's 12.7%. Not a massive jump, but it shows the upward momentum hasn't stalled yet.

For those tracking macro signals, persistent real estate inflation could hint at tighter monetary conditions down the road. That usually means capital reshuffles across asset classes. Keep an eye on whether this trend pressures liquidity in risk-on markets.