Categories: Business

US house prices keep rising in 2013

According to the S&P/Case-Shiller indexes, the US home prices extended a winning streak in November, with 2013 shaping up as the best year for gains since 2005.

The composite 20-city home price index, a key gauge of US home prices, was up 13.7% in November 2013 from a year earlier. All 20 cities have posted year-over-year gains for 11 straight months.

The US home prices extended a winning streak in November 2013

Prices in the 20-city index were 0.1% lower than the prior month, but that’s mostly due to the weaker winter selling season. Adjusted for seasonal variations, prices were 0.9% higher month-over-month. Nine of the 20 cities posted a monthly decline, though on a seasonally adjusted basis priced no city saw a drop.

Though home-price gains have been strong, the Case-Shiller data are lagged.

Many analysts expect increases to moderate this year.

EXd15C8rpM8
Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

4 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago