Home Prices Suddenly Jump After 7 Months Of Declines

A "for sale" sign hangs in front of a home in Miami, Fla., on June 21, 2022. Joe Raedle/Getty Images

U.S. home prices have suddenly jumped after seven months of declines, according to a recent report.

Home prices rose 0.16 percent nationally in February compared to January, when adjusted for seasonality, according to Black Knight’s latest Mortgage Monitor Report from April 3.