| Home prices in the United States surged at their quickest annual pace in seven years in February as the housing market defied signs of cooling growth elsewhere in the economy. A report by CoreLogic showed that property values rose by 10.2 per cent, the fastest since March 2006, when the sub-prime fiasco was in its infancy.
However, the report was overshadowed by separate data suggesting that there had been a pause in recruiting by construction companies and a slowdown in services growth last month amid concern about the impact of government spending cuts...............................................Full Article: Source
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