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U.S. house prices increase at steady rate in March

Staff Writer |
U.S. house price growth was steady in March, according to the S&P/Case-Shiller national home price index.

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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.

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