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