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Tuesday, March 25, 2014

Case-Shiller: Comp 20 House Prices increased 13.2% year-over-year in January

by Calculated Risk on 3/25/2014 09:17:00 AM

Note: The S&P website crashed (again), and I'll post graphs and more later today.

From the WSJ: U.S. Home Prices Rise 13.2% in January

According to the S&P/Case-Shiller home price report, the home price index covering 10 major U.S. cities increased 13.5% in the year ended in January. The 20-city price index advanced 13.2% ...

... "From the bottom in 2012, prices are up 23% and the housing market is showing signs of moving forward with more normal price increases." [said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.]
"Expectations and recent data point to continued home price gains for 2014. Although most analysts do not expect the same rapid increases we saw last year, the consensus is for moderating gains," the report said.