Here comes Case-Shiller ...

The S&P/Case-Shiller home price index for February will drop at 9:00 a.m. ET.

Economists forecast that home prices rose 0.7% month-over-month, and 4.7% year-over-year.

Last month, the data showed that home prices rose 0.9% month-over-month and 4.6% year-over-year in January, roughly in line with the numbers for the prior month.

In a morning note, Bank of America Merril Lynch economists wrote: "This measure is constructed slightly differently and tends to be more volatile (and subject to notable downward revisions), so we do not anticipate as big of a gain in the Case-Shiller index. Demand for homes is on a steady track higher amid low inventory, leaving home prices to head higher."

We'll be back with the numbers as soon as they cross ...

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