NPR : News

Filed Under:

After 'Best Year Since 2005,' Housing Sector Likely To Slow

Home prices across 20 of the nation's major metropolitan areas rose 13.4 percent in 2013 from the year before, according to the latest S&P/Case-Shiller Home Price Index report.

Overall, according to S&P Dow Jones Indices economist David Blitzer, the index "ended its best year since 2005" — well before the burst of the housing bubble in 2007-08.

But, Blitzer warns, "gains are slowing from month-to-month and the strongest part of the recovery in home values may be over."

In Tuesday's report, Blitzer adds that:

"Recent economic reports suggest a bleaker picture for housing. Existing home sales fell 5.1 percent in January from December to the slowest pace in over a year. Permits for new residential construction and housing starts were both down and below expectations. Some of the weakness reflects the cold weather in much of the country. However, higher home prices and mortgage rates are taking a toll on affordability."

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

NPR

'I'm Supposed To Protect You From All This' Is Memoir Fraught With Mystery

Nadja Spiegelman — daughter of graphic novelist Art Spiegelman and New Yorker art editor Françoise Mouly — has written a memoir about her mother, her grandmother, and their flawed family memories.
NPR

Salvage Supperclub: A High-End Dinner In A Dumpster To Fight Food Waste

The ingredients — think wilted basil, bruised plums, garbanzo bean water — sound less than appetizing. Whipped together, they're a tasty meal that show how home cooks can use often-tossed foods.
NPR

#NPRreads: These Three Stories Are A Real Catch

Correspondents, editors and producers from our newsroom share the pieces that have kept them reading, using the #NPRreads hashtag. Each weekend, we highlight some of the best stories.
NPR

How Your Health Data Lead A Not-So-Secret Life Online

Apps can make managing health care a lot easier, but most don't have the privacy protections required of doctors and hospitals. And a simple Web search can clue in advertisers to health concerns.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.