Data through January 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed average home prices increased 7.3% for the 10-City Composite and 8.1% for the 20-City Composite in the 12 months ending in January 2013. S&P/Case-Shiller Home Price Indices – January 2013
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How the Cities Did in January 2013
The housing recovery continues across all 20 cities covered by the S&P/Case-Shiller Home Price Indices. The 20-city composite, up 8.1% in the 12 months ended Janaury 2013 with the best year-over-year gain since June 2006 when home prices peaked. Despite these impressive numbers, to 20-city composite is still almost 30% below its peak and home prices. [...]