Housing prices are showing resiliency, posting their largest yearly gain in nearly two and a half years, according to Clear Capital’s Home Data Index Market Report, which covers housing data through December 2012.
Year-over-year, home prices gained 4.9 percent nationwide, according to the report. For 2013, home prices are forecasted to increase by 2.1 percent. “Overall the housing recovery still shows evidence of pushing ahead,” says Alex Villacorta, director of research and analytics at Clear Capital. “Quarterly home prices mostly mirrored those of last month and suggest that some buyers took pause in the initial winter months. Yet, looking back over 2012, national yearly price gains of 4.9 percent are still strong.”
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