Data through December 2012 for the S&P/Case-Shiller Home Price Indices showed that all three headline composites ended the year with strong gains. The national composite posted an increase of 7.3% for 2012.
Some of the year end transactions were to lock in the low capital gains rates before they changed on January 1, 2013.
The 10- and 20-City Composites reported annual returns of 5.9% and 6.8% in 2012. Nineteen of the 20 MSAs posted positive year-over-year growth – only
New York fell.
Home Prices Closed Out a Strong 2012 According to the S&P/Case-Shiller Home Price Indices, February 26, 2013
S&P Dow Jones Indices