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US home market shrugs off seasonal factor

Posted on 08 March 2013

US home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 per cent in January from a year ago, according to data released by CoreLogic. That’s up from an 8.3 per cent increase in December and the biggest annual gain since April 2006.
Prices rose in all states except Delaware and Illinois. And prices increased in 92 of the 100 largest metro areas, up from 87 in December………………………………………..Full Article: Source

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