U.S. home prices rose steadily in February as more buyers chased fewer available properties, a trend that many analysts say may not be sustainable. The Standard & Poor's CoreLogic Case-Shiller national home price index, released Tuesday , increased 5.8% in February, the most in 32 months. Such strong price gains and slightly higher mortgage rates may eventually cool off demand. The cities with the biggest annual price gains in February were Seattle; Portland, Ore.; and Dallas. And the supply of new homes available for sale in February climbed to a seven-year higher of 266,000.

Source: Los Angeles Times April 25, 2017 14:04 UTC