- November home prices rose 9.5% according to Case-Shiller, one of the highest gains on record. Phoenix, Seattle, and San Diego continued to show the strongest price appreciation.
|
- A recent Conference Board survey showed consumers more than willing to buy homes in the next 6 months, indicating the housing market will continue to underpin the economy.
|
- Despite rising home prices, December's new home sales rose for the first time in 5 months, capping the best year since 2006 as record low mortgage rates drove demand.
|