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10 Cities With the Fastest-Rising Home Prices

Detroit, Phoenix among most improved cities on Case-Shiller list

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Housing PricesIf 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:

Article printed from InvestorPlace Media, http://investorplace.com/2013/04/10-cities-with-the-fastest-rising-home-prices/.

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