Home prices surged in March to another all-time high for the sixth month out of the last twelve, S&P Global announced Tuesday.
The Case-Shiller U.S. National Home Price Index, which measures home prices across the entire country, rose 6.5 percent year-over-year in March, matching the annual gain in February, according to S&P Global. The increase in the price of homes is higher than the general pace of inflation, which increased 3.4 percent year-over-year in April.
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