Case-Shiller Home Price Index posts largest annual increase since 2005

Source: Scotsman Guide — 

Home prices grew annually by leaps and bounds in March, with the S&P CoreLogic Case-Shiller National Home Price Index surging 13.2% higher year over year.

That’s up from February’s 12.0% annual increase, marking the biggest yearly gain since December 2005. March was the 10th straight month of home price acceleration, with soaring demand combining with inventory near historical lows to continue driving prices skyward.