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Housing prices surge, rise 9.3% since last year

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.

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.

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