Home Prices Rose Most in Two Decades in March, FHFA Says
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U.S. home prices jumped 1.8 percent in March, the biggest monthly increase in at least two decades, as the housing recovery builds momentum, the Federal Housing Finance Agency said today.
The rise from February exceeded all analysts’ estimates, which ranged from a decline of 0.2 percent to a gain of 0.7 percent. Compared with a year earlier, prices surged 2.7 percent, the FHFA said in a statement.