April home prices posted a 4.7% annual gain according to the S&P CoreLogic Case-Shiller Index.
The gains are up from March’s 4.6% year-over-year growth.
"April’s housing price data continue to be remarkably stable,” stated Craig J. Lazzara, managing director at S&P Dow Jones Indices. “Prices rose in each of the 19 cities for which we have reported data, and price increases accelerated in 12 cities.”
The 10-City Composite annual increase grew 3.4%, remaining the same as March, and the 20-City Composite grew 4.0% year-over-year gain, up from 3.9% in March.
Phoenix, Seattle and Minneapolis had the highest year-over-year gains among the 19 cities in April, growing 8.8%, 7.3% and 6.4%, respectively.
The full report can be found here.
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