Housing prices continued on a steady upswing into 2013, a positive sign for local governments facing ongoing budgetary pressures.

The S&P Case Shiller 20-city composite index, which measures the value of U.S. residential real estate in 20 metropolitan areas, shows home values in January were up 8.1% from the year before - the greatest increase since the summer of 2006 when the housing market was at its peak.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.