Industry NewsMarkets & Economy

Case-Shiller: 13 of 20 metros see monthly gains

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After a "double dip" in March, U.S. home prices saw a slight seasonal boost in April, according to the latest Standard & Poor's/Case-Shiller National Home Price Indices report released today. The April indices averaged price data from February, March and April. The 20-city composite index rose 0.7 percent on a monthly, nonseasonally adjusted basis in April, to 138.84 -- the first such increase in eight months. On a seasonally-adjusted basis, the composite remained essentially flat at -0.1 percent. The indices have a base value of 100; indices above 100 indicate appreciation of a typical home in a subject market since January 2000. Thirteen of 20 metro areas tracked showed monthly gains, including: Atlanta; Cleveland; Dallas; Denver; Los Angeles; Minneapolis; New York; Phoenix; Portland, Ore.; San Diego; San Francisco; Seattle; and Washington, D.C. Atlanta and Seattle posted the highest monthly increase at 1.6 percent each. In a statement, David M. Blitzer, chairman...