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The S&P/Case-Shiller home price index increased 5.0% in February, exceeding expectations for a 4.7% rise, after a 4.5% gain in January.
January's figure was revised down from a 4.6% rise.
Chairman of the index committee at S&P Dow Jones Indices David Blitzer said that "home prices continue to rise and outpace both inflation and wage gains".
The S&P/Case-Shiller home price index measures single-family home prices in 20 U.S. cities.
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