Buy now because prices are going up everywhere, including the Outer Banks!

homes for sale kill devil hills obxHome prices in the U.S. rose in February with no sign of changing direction.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index reported a 6.3% annual increase in February, up from 6.1% a month earlier. Year-over-year prices have risen continuously for the past 70 months, since May 2012, according to David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones in a press statement. Over that time, the annual price increases averaged 6%, comparable to the time period between January 1992 and February 2007, when prices averaged 6.1% annually.

“With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue,” said Blitzer.

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