“Housing is clearly recovering”, David Blitzer, chairman of the index committee at S&P Dow Jones Indexes, said in a statement.
“There’s a lot of momentum,” he added during an interview on CNBC’s “Squawk on the Street.” “It shows up in all the housing statistics, not just the prices. As far as I can see it’s going to continue well into the new year.”
Prices in the 20 cities rose 5.5 percent year over year.
It was the 10th month in a row that prices have increased, the longest string of gains since before the market started to turn down in 2006.
The housing market became a bright spot for the economy last year as prices rose and inventory tightened. The sector is expected to contribute to economic growth in 2013.
This post was last modified on %s = human-readable time difference 8:32 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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