Prepare for a Slowdown in Housing Prices

from FORTUNE | by Nin-Hai Tseng | June 28, 2013

FORTUNE – For many months now, U.S. home prices have risen to new highs as the housing market recovers from one of the worst crashes in recent history. The rebound comes as more Americans find jobs and as homebuyers work their way through the remaining housing inventory following years of lackluster construction.

Just before mortgage rates began their swift march upward, prices in 20 U.S. cities climbed 12% in April from a year earlier -- the biggest gain since early 2006 when home values began to level off before the market collapsed, according to Standard & Poor's Case-Shiller home price index released Tuesday. Some of the hardest-hit markets during the recession saw the biggest one-year jump, with prices in Atlanta, Detroit, and Las Vegas each rising about 20%. In Los Angeles, prices rose 19%, while prices in Boston, Chicago, and Denver increased almost 10%.

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Colorado Springs Homes Appreciate 8.2%

from the Colorado Springs Business Journal | posted by Amanda Miller | June 4, 2013

Colorado Springs home prices climbed 8.2 percent year-over-year in April, according to analysis firm CoreLogic .

They rose 2.1 percent from March to April. Excluding the distressed sales, short sales and bank-owned properties, sales prices climbed 7.1 percent year-over-year.

The sales price increases are good news for the rebounding real estate industry. While the figures in Colorado Springs are strong, they trail the national average, where home sales prices increased 12.1 percent year-over-year.

Nationally, April saw the biggest year-over-year home price increase since February 2006, according to the report. However, the national home price index is still 22.4 percent below its 2006 peak.

Home prices climbed 3.2 percent nationally from March to April.

For more on this, the full article can be found at the Colorado Springs Business Journal by clicking here.