Real Estate Headlines 12.26.2012

Local home prices hit bottom in February, when the Seattle index was nearly a third off its pre-bust peak. But over the next five months, the local index jumped nearly 10 percent; it’s held fairly steady at that level since.

Still, the broader national trend is encouraging. October marked the fifth straight month of year-over-year gains, after nearly two years of declines. Prices rose in mid-2010 in the final months before the tax credit expired. They had fallen sharply in 2008 and 2009.

“It is clear that the housing recovery is gaining strength,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indexes.

Local home prices dip, though up 5.7 percent over 12 months ~ Seattle Times

Green Lake neighbors sue over backyard house in undersized lot ~ Seattle Times

Pioneer Square’s takeoff: Be there or be left out ~ Crosscut

Landlord owes Seattle $1.76M but says he’s no slumlord ~ Seattle Times

Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says ~ WSJ

Clock ticking on mortgage tax break for struggling homeowners ~ CNN Money

Lawler: On the upward trend in Real House Prices ~ Calculated Risk

Want to breakdown the Case Shiller numbers yourself?  Here is a link to the new S&P indices Dow Jones website and the complete Case-Shiller Home Price Indices.