The average price of an owner-occupied home in the United States rose by 0.2 percent in February compared to a month earlier. This becomes obvious from the S&P CoreLogic Case Shiller index, which shows the price development in twenty major American cities.
In general, economists had also expected an increase of 0.2 percent on average. A month earlier, prices rose by 0.1 percent.
Compared to a year earlier, homes became 3 percent more expensive in February. On an annual basis, an average price increase of almost 3 percent was expected.
About the author: Rick Culpepper
Rick Culpepper is of those journalists who dig the topic to the very bottom. He is often late with the delivery of the piece, but always does it perfectly. In his spare time, he collects data for one of the most high-profile investigations of corruption in the EU.