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Case-Shiller: Prices Post Double-Digit Q1 Gains

NEW YORK CITY-But the number of homes still in foreclosure and buying-to-rent by investors show that the recovery is “not yet complete,” says S&P Dow Jones' Blizter.

By Paul Bubny | Updated on May 28, 2013

NEW YORK CITY-All three composites measured in the S&P/Case-Shiller Home Price Indices showed double-digit annual increases for the first three months of 2013, S&P Dow Jones Indices said Tuesday. Additionally, all 20 cities in the 20-City Composite posted year-over-year growth, led by Phoenix at 22.5%, and 15 of them showed price increases from the month prior.

For the first quarter, prices measured by the 10-City Composite rose by 10.3% YOY, while the 20-City City Composite saw a 10.9% gain. For the national composite, the YOY increase was 10.2%.

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