By Dees Stribling | MHN Online
According to the latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, the 10-city and 20-city composite indexes were up 10.8 percent year-over-year in April. That’s still an increase, but it’s lower than previously. In fact, 19 of the 20 cities saw lower annual gains in April than in March.
Month-over-month, Case-Shiller’s 10-city and 20-city composites increased 1 percent and 1.1 percent respectively in April. Seven cities—Cleveland, Las Vegas, Los Angeles, Miami, Phoenix, San Diego and San Francisco—experienced lower gains than in March. Boston prices were up the most, with an increase of 2.9 percent, its highest-ever month-over-month gain. At the bottom of the list, New York gained only 0.1 percent. Dallas and Denver continue to set new price peaks, while Detroit remains the only city below its January 2000 value.
