The Case/Shiller Indexes
estimate that home prices increased by 7.3 percent in 2012, the strongest rate of appreciation in nearly seven years. In MSN Money’s article
they explain how the most recent releases of CoreLogic and Case/Shiller data will affect the housing market.
In an earlier post
, we suggested that with home prices rising, that the time may be right for anyone considering buying a home. CoreLogic suggests that while prices have been rapidly rising, this trend is likely to decelerate during the next year. Regardless slowing increases of indexes, there are projected increases even into 2017.
Additionally, CoreLogic reports that the markets that were hit the hardest by the recent housing boom and bust are the markets seeing the most rapid increases now. Read our earlier post here
, to learn more about how Case/Shiller indexes work. Contact Brooks & Crowley LLP at the outset if you are purchasing a home.
Contributed by Laura Martin