Real estate price index rises in April

Monthly gains in 18 of 20 metros

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A monthly 20-city home-price index rose 3.8 percent year-over-year in April, Standard & Poor’s reported today. Two of 18 U.S. markets covered — Miami and New York City — experienced monthly index drops from March 2010 to April 2010.

The Miami metro area dropped 0.2 percent from March to April in the seasonally adjusted S&P/Case-Shiller Home Price Indices, and 0.8 percent in the non-seasonally adjusted index.