WSJ Developments Blog: “For housing, it was a tale of two halves in 2013. During the first half, unusually low supplies of homes and low rates spurred bidding wars, pushing prices up sharply. During the second half, the frenzy cooled amid a sudden spike in interest rates. While more markets are now reporting increases in inventory, the number of homes for sale remains quite low.”
http://blogs.wsj.com/five-things/2014/01/07/5-things-to-watch-in-housing-in-2014/