U.S. house prices increase at steady rate in March
The 20-city index was up 6.8% on the year, in line with the previous month but ahead of economists' expectations of a 6.5% increase.
Meanwhile, the national home price NSA index covering all nine U.S. census divisions was up 6.5% in March, also in line with February.
Seattle, Las Vegas, and San Francisco continued to report the highest year-over-year gains among the 20 cities.
Seattle led the way with a 13.0% year-over-year rise, followed by Las Vegas with a 12.4% jump and San Francisco with an 11.3% increase.
Twelve of the 20 cities reported greater price increases in the year ending March 2018 versus the year ending February 2018. ■