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U.S. homes prices continue to rise; largest jump in 7 years

Vegas housing
Posted at 11:57 AM, May 25, 2021
and last updated 2021-05-25 16:23:00-04

The U.S. home prices jumped in March and it was the largest in seven years.

The S&P Core Logic Home Price Index for the month came out Tuesday and showed a more than 13% rise from the same time last year - the biggest gain since December 2013.

And that increase followed a surge of 12% in February.

The large gains suggest the pandemic and low mortgage rates have spurred more Americans seek the American dream.