This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Seattle Leads Rising Housing Market

NEW YORK ( TheStreet) -- There has been no shortage of media reports showing at least a modest recovery in the U.S. housing sector. (TheStreet has the goods here and here.)

But now the data are really getting specific, with Clear Capital, a Truckee, Calif.-based real estate analysis firm, pinpointing the fastest-growing U.S. housing markets.

Using data compiled through December, Clear Capital says the market as a whole "finished the year strong" and should see "moderate growth" in 2013 as more homebuyers get priced out of a slowly but steadily rising market. The company's home data index says home appreciation gains should be about half as strong as 2012.

"Overall the housing recovery still shows evidence of pushing ahead, as indicated by our December home price trends and 2013 forecasts," says Alex Villacorta, director of research at Clear Capital. "Quarterly home prices mostly mirrored those of last month and suggest that some buyers took pause in the initial winter months. Yet, looking back over 2012, national yearly price gains of 4.9% are still strong."

"But as it stands now, home prices have continued to show resiliency by posting their largest yearly gain in nearly two and a half years," Villacorta says.

U.S. home prices rose, on a year-to-year basis, by 4.9% in 2012. Clear Capital says home prices will appreciate by another 2.1% in 2013 (building off that higher "floor" that Villacorta cites above), as the U.S. housing sector enters its second year of significant recovery.

Even though at first blush the Clear Capital data seem to show slower growth in 2013, there could be a good reason for that -- one that shows the housing market really is in full recovery mode: "Our current gains are off market lows at the start of the year; 2013 gains will be measured against a higher price floor after a full year of recovery," Villacorta says.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs