Housing prices, as measured by the Case Shiller Index, have increased every month for twelve months in a row. In January, they were 8% higher year-over-year, which is the biggest year-on-year increase in housing prices since 2006. Not only that, the increase in home value is spread across all twenty cities that the Case Shiller Index tracks. It is important that the increases occur in a widespread fashion because the widespread increase tells potential buyers that the prices will probably continue to increase, which increases housing demand. Housing analysts also confirm that the price increases are indeed likely to continue.
Read the full article here: Housing’s Hot Streak Continues