Economy | Business

Home Prices Rose Again In January, But Consumer Confidence Is Down

NPR | March 26, 2013 9:07 a.m.

Contributed By:

Mark Memmott

A newly built home in San Diego.

A newly built home in San Diego.

Reuters /Landov, Mike Blake

The housing recovery continues:

Average home prices rose 7.3 percent from December to January in their 10-city composite index and 8.1 percent in a broader 20-city list, according to the data crunchers who produce the S&P/Case-Shiller Home Price Indices.

The biggest year-over-year gains were in Phoenix, where prices were up 23.2 percent from January 2012.

Tuesday’s report is just the latest in a string of positive signs about the housing sector, which began a long slide in 2008.

Later this morning, the private Conference Board is due to release its March consumer confidence report. We’ll update when that happens.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

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