US home prices rise at the fastest pace in nearly 3 years

FILE - This Wednesday, Dec. 7, 2016, file photo shows a house for sale, in Hialeah, Fla. U.S. homes prices rose steadily upward in February 2017 as more homebuyers chased fewer available properties. The Standard  Poor's CoreLogic Case-Shiller national home price index increased 5.8 percent in February, the most in 32 months. (AP Photo/Alan Diaz, File)

A house is for sale in December in Hialeah, Fla. U.S. homes prices rose steadily upward in February as more homebuyers chased fewer properties. The Standard Poor’s CoreLogic Case-Shiller national home price index increased 5.8 percent in February, the most in 32 months. (AP File Photo/Alan Diaz)

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON (AP) — U.S. home prices rose steadily in February as more homebuyers chased fewer available properties, a trend that many analysts say may not be sustainable.

The Standard Poor’s

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