Boston Area Housing Recovery On Track

The Boston area housing recovery appears to be on track, according to newly-released data, although not at the pace it once was. Home prices rose slightly more than expected in December, according to the S&P/Case-Shiller index.

David Blitzer, chairman of the S&P Dow Jones Indices Index Committee, called 2013 the best year for the index since 2005, but noted that gains are slowing from month-to-month. That’s in line with the latest results from luxury homebuilder Toll Brothers, which reported a 52% jump in quarterly revenue but said demand has leveled recently.

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