D.C.-area home price gains in April best in U.S.
Washington Business Journal - by Tucker Echols
Read more: D.C.-area home price gains in April best in U.S. - Washington Business Journal
The Washington area led the nation in home price gains in April.
Median prices in the Washington market rose 2.4 percent in April compared with March, the best gain of the 20 markets surveyed in the S&P/Case Shiller Home Price Index. Nationally, prices rose 0.9 percent compared with March.
The Washington area also surpassed most markets in annual gains. Median home prices in the area rose 7.3 percent in April 2010, compared to one year before. Only four cities in the index posted better annual gains, led by San Francisco where prices advanced 18 percent in the last year.
The S&P/Case-Shiller survey of 20 major U.S. cities uses the “repeat sales pricing technique” to measure housing markets. This methodology collects data on individual single-family home resales and uses the re-sold sale prices to calculate price declines or gains.
Read more: D.C.-area home price gains in April best in U.S. - Washington Business Journal
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