A for sale sign is seen in front of a home on January 25, 2011 in Miami, Florida.
A for sale sign is seen in front of a home on January 25, 2011 in Miami, Florida. - 
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Marketplace

Home prices rose 1.2 percent in February and were up 9.3 percent since last year, according to the S&P Case-Shiller Index.

Gus Faucher, senior economist with the PNC Financial Services group, joins Marketplace Morning Report host Jeremy Hobson to discuss the increase and what's causing it.

Follow Jeremy Hobson at @jeremyhobson