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Real Estate Prices Across The U.S. Continue Upward Trend

Home prices in cities across the nation are picking up steam.

Prices in the 20 metropolitan areas measured by the The S&P/Case-Shiller 20-City Composite Home Price Index rose 5% year over year in February, compared with a 4.5% gain in January. February's increase was the largest monthly gain for the index since July 2014.

"We've seen a lot of people come back into the market on the buy side," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. "Clearly, we're still benefiting from very low mortgage rates for those people who can easily qualify for a mortgage."

Source : nuwireinvestor.com