According to recent data from the S&P/Case-Shiller Home Price Indices, home prices shot up at the fastest rate seen since early 2006. The data came as a surprise to many experts surpassing forecasted rates. Single-family homes in many metropolitan areas jumped 13.3% year-over-year. The chairman of the Index Committee at S&P Dow Jones Indices, David M. Blitzer said, “regionally, the West continues to lead with Las Vegas gaining 29.1% year-over-year followed by San Francisco at 25.7%, Los Angeles at 21.8% and San Diego at 20.9%.” More here

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