Home prices moving up nicely

In December, Case Schiller reports that home prices increased +6.8% over 2011. This was up from a +5.5% gain in November.  Tampa beat the national average at +7.2%. Forecasters are looking for a +9% increase during 2013 in the housing market. It is worth pointing out that today's home prices are about -30.0% below 2006 summer prices at the height of the housing bubble.