Home Prices Rebounded Big Time in 2013
The market saw the largest price gains in eight years, according to new real estate data out today, with the 20 major U.S. markets all seeing price boosts. Rising mortgage rates and the continued unleashing of a pent-up market contributed. The frenzy slowed toward the end of the year, but experts have found the good in both sides. Higher home prices build wealth, which helps the overall economy. That said, the year-end dampening could be a sign of the market finally finding some equilibrium moving into 2014.