The latest Standard & Poor's/Case-Shiller Home Price Index tracked a .8% rise in February, based on a seasonally adjusted basis. This is slightly better than predictions of national economists, who forecasted a .7% rise.
Nationwide home prices were up 12.9% on a year over year basis. These numbers seem to indicate a healing market. However, actually this shows that price growth is slowing down. Numbers were down from 13.2% in January, and fell further below the peak of 13.7% in November.
Despite continued price gains, most other housing statistics are weak. New home starts are faltering. Affordabilty is becoming a problem in some areas, as interest rates rise.
Pending home sales have risen. Increasing 3.4% in March, reported by the National Association of Realtors. Extreme winter weather has taken a toll on the market. The recent increase suggests that the there is a pent up demand in existing homes. If this continues, it should maintain momentum throughout the year.
With ever changing markets, it is always important to known the current value of your home.