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


Breaking The Cranberry Mold: New Ways To Savor This Seasonal Berry

Cranberry sauce is a Thanksgiving tradition. But if you're ready for a fresh take on this staple, why not try cranberries in chutney or cake? America's Test Kitchen founder Chris Kimball offers ideas.
WAMU 88.5

Recipes Get A Makeover With GIFs, Science, And Emojis

On Food Wednesday, we explore the new ways recipes are being presented, with everything from GIFs to scientific method.

WAMU 88.5

International Military Action In Syria

French President Hollande meets with President Obama in Washington to seek additional U.S. support in the fight against ISIS in Syria, and NATO holds an emergency meeting over the downed Russian fighter jet: An update on international military strategy in Syria.


Used Rocket Is A New Breakthrough For Blue Origin's Space Plan

Blue Origin, the space company founded by Amazon billionaire Jeff Bezos, has sent a craft past the edge of space and then landed its rocket safely – and vertically — in Texas.

Leave a Comment

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