Home prices rebound in April

Case-Shiller numbers may indicate more than expected spring surge

Home prices rebounded in April following seven months of declines in nearly all of the major market tracked by the S&P Case-Shiller 20-City Composite Index.

From March to April, 19 out of 20 markets tracked by the index posted price gains, ranging from an almost imperceptible 0.1 percent in New York to a 3.4 percent monthly gain in San Francisco. Detroit saw prices fall 3.6 percent from March, making the only market tracked by teh index not to see a monthly gain.