Business Insider reports on a gain in the Case-Shiller home price index, released Tuesday. The Hanley Wood Data Studio is presently crunching the numbers and will be out with a full report later this morning. Here's BI:
Home prices rose more than expected in March, according to the S&P/Case-Shiller home price index.
Prices in 20 major cities rose 0.85% month-on-month and 5.43% year-on-year.
Economists forecast that the 20-city index rose 0.75% month-on-month, according to Bloomberg. Compared to last year, they forecast a 5.11% rise. The price gains for February were revised higher.
"These cities also saw some of the largest declines in unemployment rates among the 20 cities included in the S&P/Case-Shiller Indices," said David Blitzer, chairman of the index committee at S&P Down Jones Indices.