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Home prices make largest jump in nearly seven years

 
Home prices make largest jump in nearly seven years
Posted Tuesday, April 30th 2013 @ 11am

Home prices are up by the biggest margin in nearly seven years.  The latest S&P/Case-Shiller index shows a 9.3% jump year over year for the month of February, which beat analyst expectations in the 20-city survey.  The Phoenix market showed the biggest gains, where home prices are up 23%.  S&P Committee Chairman David Blitzer says housing continues to be a bright spot in the economy, despite mixed economic reports for the month of March.

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