Data through December 2012 for the S&P/Case-Shiller Home Price Indices showed that all three headline composites ended the year with strong gains. The national composite posted an increase of 7.3% for 2012.
Some of the year end transactions were to lock in the low capital gains rates before they changed on January 1, 2013.
The 10- and 20-City Composites reported annual returns of 5.9% and 6.8% in 2012. Nineteen of the 20 MSAs posted positive year-over-year growth – only
New York fell.
Home Prices Closed Out a Strong 2012 According to the S&P/Case-Shiller Home Price Indices, February 26, 2013
S&P Dow Jones Indices
Category: Real Estate
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.