The U.S. real estate market made a robust comeback in 2013, surpassing expectations of many economists, as the combination of low inventories and historically low interest rates caused home prices to rise and even helped fuel bidding wars in some markets, surpassing the expectations of many economists. While positive trends, such as increasing home values, are expected to continue into 2014, mortgage rates are also expected to rise in the coming year and could put a damper on home buyers’ abilities to afford new homes.

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Though the gap is narrowing, buying costs less than renting in all 100 large U.S. metros. But uncertainty about future home price appreciation means buying isn’t always a safe bet.

It’s not until March of every year job growth is reported from the previous calendar year.  And this year, the revisions to the California labor market were substantial. In January, the EDD reported that 244,000 jobs were created in the California during 2013. This month, the EDD issued its revisions and our state actually created 447,400 jobs last year—an 83% change in the revised jobs total! READ MORE.