Home price gains edge past economists’ predictions

by Ryan Smith25 Mar 2014
Single-family home prices were up in January, edging past economists’ predictions.

The S&P/Case-Shiller index of 20 metro areas was up 0.8% on a seasonally adjusted basis in January, according to Reuters. Economists polled by Reuters had expected a 0.7% rise.

The index was up 13.2% year-over-year, falling just short of economists’ projections of a 13.3% gain.

”The housing recovery may have taken a breather due to the cold weather,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “From the bottom in 2012, prices are up 23 percent and the housing market is showing signs of moving forward with more normal price increases.”
 

COMMENTS

Poll

Is TILA-RESPA a good or bad thing long term?