27 Months Of Consecutive Job Growth Helping Home Prices Rise
The 2013 housing market is expected to perform well. Job growth is playing a role in its recovery.
The 2013 housing market is expected to perform well. Job growth is playing a role in its recovery.
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?
Recent data suggests that the U.S. housing market is in recovery, albeit an uneven one.
The housing market took a step back in February, but remains near post-Recession highs.
December's Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index's 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December's home values at similar levels as compared to early-2003.
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3.