Home Prices Increased in April

The 20-City Case-Schiller Composite gained 4.9 percent year-over-year in April, slightly lower than March’s gain of 5 percent. The 10-City Composite gained 4.6 percent in April from the previous year, down from the 4.7 percent year-over-year gain in March. The national index recorded a 4.2 percent gain on an annual basis in April, compared to a 4.1 percent annual gain in March.

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On a monthly basis, all three indices posted increases as the 10-City Composite increased 1 percent, and the 20-City Composite and National Index rose 1.1 percent.

Of the cities reporting month-over month increases, Seattle and San Francisco posted gains of 2.3 percent and 2 percent.

Denver and San Francisco posted the highest year-over year gains, with respective price increases of 10.3 percent and 10 percent. Washington, D.C., posted the slowest rate of growth, with prices increasing at an annual rate of 1 percent.

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