Al Jazeera America: Housing and the Economy

Monica broke down key findings from the latest Case-Schiller housing report with Al Jazeera America’s Tony Harris .   Home prices ended 2013 on a high note, up +13.6% for a 20 city composite, with nationwide prices at a 2004 level but still 20% off 2006. Price acceleration over the past 18 months driven consumers snapping up good values and rock bottom rates for mortgages.  But good deals become harder to find and interest rates rise (up 1% from LY) momentum starts to fade and that is exactly what we have been seeing in recent months.