Home Prices Set Record Monthly Rise

Average home prices registered a record monthly increase in April, according to the latest S&P/Case-Shiller Home Price Indices.

Home prices continued to rise through April 2013, with average prices increasing 11.6% and 12.1% for the 10- and 20-city composites.

All 20 cities included in the indices, as well as both composites, reported positive year-over-year returns.

Atlanta, Dallas, Detroit, and Minneapolis saw the highest actual gains since the start of their respective indices.

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