Home prices surge 12% in February, the biggest jump since 2006 — a $35,000 gain for median-priced homes

Source: Market Watch — 

The number: The cost to purchase a home rose by a record amount, according to two major barometers of house prices in the U.S.

The index of home prices across 20 large cities increased at yearly pace of 11.9% in February, according to the S&P CoreLogic Case-Shiller home price index. On a monthly basis, home prices were up 1.2%.