US home prices soar nearly 12%

(NBC) – Home prices soared nearly 12% in February, the biggest gain since 2014.

The Case-Shiller 20-city Home Price Index found rising prices in all 20 cities surveyed.

Demand for housing has surged during the pandemic.

Those lucky enough to work from home are looking for more space or a different location and low mortgage rates are encouraging buyers.

But supply is very low and that’s driving prices through the roof.

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