If you housing was going to cool off, you thought wrong.
The Case-Shiller Home Price Index, which covers roughly half of U.S homes, showed that prices rose again during February. For the 20-city composite index, home prices improved an impressive 9.3% year-over-year, marking the highest annual growth rate since May 2006.
In fact, while eight areas posted a month-over-month decline, all 20 cities covered by the index enjoyed seasonally adjusted YOY gains for at least the second straight month — something that hasn’t happened since 2005.
If that weren’t enough, prices for all the top 10 cities shot up by double-digits from the year-ago period.
Let’s take an individual look at those 10 cities in the 20-city composite index with the largest annual gains in prices this February: