Snow is expected to develop for our Monday afternoon and overnight hours. Bands of heavier snow are possible..and something we will be monitoring throughout the day today. A Winter Storm Watch has been issued for far northern El Paso County where ~4" are possible by Tuesday morning. Also ahead, a High Wind Watch for much of southeast Colorado from 4-11am Tuesday morning as wind gusts could reach up to 60 mph. For more info on the forecast this holiday week, head over to the "Weather" tab.
A new report shows rising sales and a smaller supply of available homes is driving up home prices.
The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent in December compared with the same month a year ago. That's up from a 5.5 percent annual gain in November.
Nationwide, the report says prices rose 7.3 percent in 2012. That is similar to other home price measures that show a healthy gain last year.
Prices also rose in December compared with a year ago in 19 of the 20 cities tracked by the index. New York was the only metro area to show a decrease.
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