The U.S. housing market shows signs of cooling down, although it's still growing. Home prices increased 4.5 percent in the 12 months that ended in January, according to the Standard & Poor’s/Case-Shiller Home Price report out this week. That same rate was at 10.5 percent in January 2014, and hasn't been this low since late 2012.
But the signals are still moving in the right direction. In February, sales of newly built single-family homes were up 7.8 percent from the month earlier and have reached their highest level since February 2008.
Another positive sign: The National Association of Realtors' pending home sales index increased 3.1 percent in February. That figure was up 12 percent from a year earlier. Even if price growth is slowing, sales are still steaming ahead.
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