U.S. House Prices Climb 1.1% In April

By Ruth MantellMarketWatch Pulse

U.S. house prices rose 1.1% in April, supported by the spring sales market, with gains in all the cities tracked by the Case-Shiller 20-city composite index released Tuesday. With seasonal adjustment, prices rose 0.3%, the report said. Home prices in April were up 4.9% from a year earlier, slightly slower than annual growth of 5% seen in March. "Home prices continue to rise across the country, but the pace is not accelerating," said David Blitzer, index-committee chairman at S&P Dow Jones Indices. Denver saw the fastest year-over-year growth, hitting 10.3%. Meanwhile, the slowest annual growth was in Washington, where prices rose 1.1%.

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