U.S. home prices climbed 10.2% in February, the biggest year-over-year gain since March 2006.
The data seemed to support that a housing market recovery is alive and well – or, is it?
Even though buying is up, banks aren't handing out mortgages at a high enough rate to support this climb.
We asked Money Morning Capital Wave Strategist Shah Gilani to explain what was behind this major housing market change. You might be surprised to learn who's driving the home buying – and what it means for the housing market recovery.
Watch his interview below for the answer.
For more on Gilani's housing market analysis, check out this full report last week.