According to the S&P/Case-Shiller 10 and 20-City Home Price Indices released Tuesday, the U.S. Housing Market is on a roll based on year-over-year increases in average home values, but month-to-month results were mixed.
Existing Home Sales Reach Highest Level In 7 Years
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a 7 year high.
Case Shiller Price Index Shows Highest Year-Over-Year Gains Since 2006
The Case-Shiller 10 and 20-City Home Price Indices for October were released on December 31. Although home prices in most cities continued to show year-over-year gains, the pace of home price appreciation is expected to slow in 2014.
New Home Sales Show Healthy Year-Over-Year Increase
The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.
Housing Market Index Shows Builder Confidence Up 23 Percent Year-Over-Year
According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54.
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