Housing may not be a buyer's market much longer not if home prices continue to climb to record highs.
Soaring home prices continue to pull the real estate market into a steady recovery as the spring-buying season approaches.
U.S. home prices rose in January and may be poised to post further gains in the coming months as the nation’s glut of foreclosures continues to decline, according to a report released Tuesday.
A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.
"That's impressive for being February," said Mark Fleming, CoreLogic's chief economist. "This is the offseason for housing, so prices rising this dramatically is a very good sign."
"That's impressive for being February," said Mark Fleming, CoreLogic's chief economist. "This is the off-season for housing, so prices rising this dramatically is a very good sign. Just like baseball's Opening Day, April is opening month for the house-buying season."
