Data through March 2013, released yesterday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices showed that all three composites posted double-digit annual increases. The 10-City and 20-City Composites increased 10.3 percent and 10.9 percent, respectively, with the national composite rising by 10.2 percent in the last four quarters. All 20 cities posted positive year-over-year growth.
In the first quarter of 2013, the national composite increased 1.2 percent. On a monthly basis, the 10- and 20-City Composites both posted increases of 1.4 percent. Charlotte, Los Angeles, Portland, Seattle, and Tampa were the five MSAs to record their largest month-over-month gains in more than seven years.
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