Housing industry maintains its strength in January

Home sales and  prices continue to be robust.Yet another study points to the overall fitness of the nation’s housing market, which economists often look to in order to gauge how the country’s financial system is performing.According to Clear Capital, quarterly price trends were strong throughout the country in January, advancing at a steady 1 percent pace over the rolling quarter, which is on par with where things were in December. Some of the best areas in which prices improved was in the South where Houston homes are sold, with quarterly home prices elevating at a steady 0.7 percent pace, a noted improvement from the last month of 2012.”Home price trends in January remained solid overall, considering we are in the middle of the toughest time of year for real estate,” said Alex Villacorta, director of research at Clear Capital.He added that while the immediate future may be unpredictable, “we expect home prices to continue on a positive trajectory long term.”While January’s housing numbers have yet to be released by the Houston Association of Realtors, odds are improvements will be apparent. In December, virtually all housing segments witnessed improvements, both in pricing and sales volume.
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