News from the Housing Sector

Mixed news recently ...

The 20-city index from Case Shiller rose by 13.4% year-to-year, just short of the 13.6% that was expected. And November to December prices rose on an adjusted basis of 0.8%.

2013 was the best showing for the the index since 2005; however, chairman of the Index Committee at S&P Dow Jones Indices, David Blitzer, indicated that the gains are slowing, month-to-month and that the strongest part of the recovery in homes values might be over.

We'll have to wait and see next month if the severe winter weather in the rest of the nation has been playing a part in all this.