Home Prices Rose Again In January

The housing recovery continues:

Average home prices rose 7.3 percent from December to January in their 10-city composite index and 8.1 percent in a broader 20-city list, according to the data crunchers who produce the S&P/Case-Shiller Home Price Indices.

The biggest year-over-year gains were in Phoenix, where prices were up 23.2 percent from January 2012.

Tuesday’s report is just the latest in a string of positive signs about the housing sector, which began a long slide in 2008.

Later this morning, the private Conference Board is due to release its March consumer confidence report. We’ll update when that happens.

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