Rise in home prices sets seven-year record in March

Posted by Bonnie Martin Designated Broker on Wednesday, May 29th, 2013 at 10:11am.


nbcnews.com - U.S. single-family home prices rose in March, racking up their best annual gain in nearly seven years in a further sign that the strengthening housing recovery is providing a source of support for the economy, a closely watched survey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 1.1 percent in March on a seasonally adjusted basis, topping economists' forecasts for a 1 percent rise.

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