NEW YORK CITY—The slowdown in home price growth continued in March, as the S&P/Case-Shiller Home Price Indices released Tuesday showed a 12.4% year-over-year gain for the 20-City Composite Index, the smallest increase since last July, while the 10-City Composite rose 12.6% Y-O-Y. However, two cities in the 20-city index, Dallas and Denver, have reached all-time peaks, and separately the Federal Housing Finance Agency reported Tuesday that home prices have now increased for 11 consecutive quarters.

Bloomberg reported Tuesday that a survey of 28 economists yielded a median projection of an 11.8% Y-O-Y increase in the 20-city index. Estimates ranged from gains of 10.8% to 12%, slightly shy of the actual gains.

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