Home prices increased by 12 percent in February, the largest jump since 2006, averaging 35 thousand dollars!

Number: Two main house price barometers in the US have seen a historic rise in the cost of buying a house.  used cars in qatar under 10 000

According to the S&P CoreLogic Case-Shiller home price index, the home price index for 20 major cities jumped by 11.9 percent annually in February. Home prices have increased by 1.2% annually.

This is the first increase since February 2006.

In the past year, the National Independent Index, which tracks domestic prices in the city, saw a similar 12 per cent increase.

What happened: Case-rates Shiller's were up in all 20 locations. Another 17.4% of the municipalities Phoenix was led by San Diego (up 17%) and Seattle (up 15.4 percent ).

The Federal Housing Finance Agency published its own monthly house prices, demonstrating that house prices increased by 0.9% a month and 12.2% last year in February. It was a new pinnacle of the metrics, said Lynn Fisher, Deputy Director of Analysis and Statistics at FHFA.

According to Fannie Mae and Freddie Mac's results, this increase will benefit the $35,000 medium price home.

Like the Case-Shiller Index, the FHFA calculation shows that costs are accelerating across the globe. The highest mountain growth in Rocky Mountains was 15.4 percent, for example in Arizona and Idaho.

The big picture: is the construction industry strong or runs out of gas? Home prices are registered, mostly because of the limited number of housing rentals. In recent months, the inventory has fallen to a record low. Although there are signs that sellers will return to the market, it may not be sufficient to meet demand, particularly among thousands of people in the process of their purchases.

The stock shortage is however also the biggest obstacle in the housing industry. In the coming months, sales could also decline, particularly as premiums could start overwhelmingly low mortgage prices, once again making it more affordable. Though home prices have risen for most of the first quarter of the year, the pandemic has continued. Most analysts expect the number to increase in the remaining 2021, but it may be higher.

"The housing industry is on the way – some analysts are wondering where the train is and if it will be next," said Selma Hepp, Deputy Economist of CoreLogic. "Many optimistic and steadily improved metrics for economy growth, including wage increases, retail savings and the purchasing power of household consumers, remain but historically poor, while the sustainability issue is fair."

"200,000 new sales were lower than the average in January and February and a total of 117,000 new purchasers were absent, relative to March's traditional year," said Danielle Hale, CEO of Realtor.com. "These advances have led to unbelievably challenging market trends, especially for new businesses. There must be light on the horizon, though, as we are the perfect time of year for sellers in many countries to advertise their homes for sale."