Home prices in the States rose more than anticipated in February, as homebuyer demand continues to outweigh supply in the housing market.
Figures released Tuesday and contained in the S&P/Case-Shiller U.S. National Home Price Index, show the national home price index jumped 5.8% in February, ahead of analyst projections of 5.7%, representing the most gains in 32 months.
The cities with the biggest annual price gains in February were Seattle, Portland, Oregon and Dallas, according to the groups' index.
U.S. home price gains last reached a 31-month high in January. Of the nation's 20 largest cities reporting that month, three reached their all-time highs in January: Seattle, Portland and Denver.
