Home Prices Continue Their Rise, Defying High Mortgage Rates
Home prices continued their upward trend in February, defying high mortgage rates and low inventory of homes for sale.
The S&P CoreLogic Case-Shiller national housing index rose 6.4% from February a year ago and up from the 6% annual increase registered in January.
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San Diego led the way with an 11.4% annual increase, while Chicago and Detroit followed with 8.9% gains.
For the month, the national index rose by 0.4%.