Home Prices Rose 0.6% in February, OFHEO Reports

U.S. house prices rose 0.6% in February following January's 1.1% decline, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. Economists had expected a monthly decline of 1.5%. In the previous month, U.S. home prices fell 1.1% between December 2007 and January 2008, contributing to a 12-month decline of 3.0%. For ...