In January 2013, national U.S. home prices had their strongest 12-month increase since the summer of 2006, according to the latest data released late-March 2013. With home prices accelerating, potential buyers might be wondering if they’re too late. Is the buyer’s market over?
The S&P/Case-Shiller Home Price Index (HPI)—a leading measure of U.S. home prices—increased a sharp 7.3% for the 10-City Composite, and 8.1% for its 20-City Composite from January 2012–2013. That constituted its largest year-over-year gain in more than six years.
“The two headline composites posted their...
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