S&P Dow Jones Indices released the latest S&P/Case-Shiller Home Price Indices on Tuesday (based on data through March), which showed that the 10-City and 20-City Composite Indices gained 0.8 percent and 0.9 percent respectively month-over-month. Nineteen of the 20 cities showed positive returns in March—New York was the only city to decline. Dallas and Denver reached new index peaks.
In March, the both the National and Composite Indices saw their annual rates of gain slow significantly. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 10.3 percent gain in Q1 2014 compared with the first quarter of 2013. The 10- and 20-City Composites posted year-over-year increases of 12.6 percent and 12.4 percent respectively in March.