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Home Sweet Home: Housing Market Soars

NEW YORK CITY-Data from three separate entities show a bounceback in housing growth.

By Rayna Katz | Updated on February 26, 2013

NEW YORK CITY-By several measures, the housing market appears to be gaining steam. Data through December 2012, released Tuesday’s by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, showed three leading composites ended the year with strong gains.

The national composite posted a 7.3% increase for 2012. The 10- and 20-city composites reported annual returns of 5.9% and 6.8% in 2012. Month-over-month, both the 10- and 20-city composites moved into positive territory with gains of 0.2%; more than reversing last month’s losses.

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