Home prices in major U.S. metropolitan areas showed a modest monthly increase in March, according to a report released by Standard & Poor's on Tuesday.
The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index edged up by 0.1 percent on a seasonally adjusted basis in March compared to a 0.2 percent increase in February.
On a non-seasonally adjusted basis, prices were essentially unchanged in March compared to a 0.8 percent drop in the previous month.
Compared to the same month a year ago, the index was down by 2.6 percent in March versus a 3.5 percent year-over-year drop in February.
by RTT Staff Writer
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