S&P home prices rise 10.9 percent, beating expectations

The 20-city S&P Case-Shiller house price index for March climbed 10.87% on the year. This beat expectations for a 10.2% rise.

This is also the fastest pace of increase since April 2006.

February’s number was revised up modestly to show a 9.35% rise.

On the month home prices were up 1.12%, above expectations for a 1% rise. February’s number was also revised up on a monthly basis to show a 1.32% rise.

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Q1 home prices were up 10.17% on the year, beating expectations for a 9.6% rise. Q4’s number was revised down modestly to show a 7.25% rise.

Both the 10 and 20-city home price indices are about 28 – 29% off their June/July 2006 peaks.

“Phoenix again had the largest annual increase at 22.5% followed by San Francisco with 22.2% and Las Vegas with 20.6%. Miami and Tampa, the eastern end of the Sunbelt, were softer with annual gains of 10.7% and 11.8%. The weakest annual price gains were seen in New York (+2.6%), Cleveland (+4.8%) and Boston (+6.7%); even these numbers are quite substantial.”

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S&P home prices rise 10.9 percent, beating expectations

The 20-city S&P Case-Shiller house price index for March climbed 10.87% on the year. This beat expectations for a 10.2% rise.

This is also the fastest pace of increase since April 2006.

February’s number was revised up modestly to show a 9.35% rise.

On the month home prices were up 1.12%, above expectations for a 1% rise. February’s number was also revised up on a monthly basis to show a 1.32% rise.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Q1 home prices were up 10.17% on the year, beating expectations for a 9.6% rise. Q4’s number was revised down modestly to show a 7.25% rise.

Both the 10 and 20-city home price indices are about 28 – 29% off their June/July 2006 peaks.

“Phoenix again had the largest annual increase at 22.5% followed by San Francisco with 22.2% and Las Vegas with 20.6%. Miami and Tampa, the eastern end of the Sunbelt, were softer with annual gains of 10.7% and 11.8%. The weakest annual price gains were seen in New York (+2.6%), Cleveland (+4.8%) and Boston (+6.7%); even these numbers are quite substantial.”

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