Strong demand pushed up US home prices rise in February by most in 7 years

Posted by Bonnie Martin Designated Broker on Thursday, April 4th, 2013 at 8:12am.


foxnews.com - U.S. home prices jumped in February by the largest amount in seven years, evidence that the housing recovery strengthened ahead of the all-important spring-buying season.

Home prices rose 10.2 percent in February compared with a year earlier, CoreLogic, a real estate data provider, said Wednesday. The annual gain was the biggest since March 2006. Prices have now increased on an annual basis for 12 straight months, underscoring the recovery's steady momentum.

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