“All 300 markets tracked by Homes.com’s housing market reports consolidated their gains from 2013, opening 2014 with higher year-over-year prices. January is typically slower for the housing market, so it is reassuring to see continued steady improvement across the country,” says Brock MacLean, executive vice president of Homes.com. “January’s data shows that 83 of the top 100 markets increased on a monthly basis, with 165 of the 300 midsize markets posting gains year over year. With three midsize markets entering recovery and three more local markets nearing full rebound, 2014 should see continued positive recovery nationwide.”
To provide insight into local sector housing trends across the country, Homes.com publishes the Local Market Index for the Top 100 markets and the companion Midsize Markets Report for defined areas ranked from 101-300.
As a complement to the Local Market Index, Homes.com publishes an exclusive Rebound Report, highlighting how the housing recovery process is unfolding across the country. It measures each market’s peak-to-trough decline in index value, which had been attributed to the bursting of the U.S. housing bubble.