US home prices in March showed a continuing recovery with slight increases.

Second consecutive month of price increases after a seven-month decline.

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National index increased by 0.4% after seasonal adjustment.

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Both the 10-City and 20-City composites also saw increases, Before seasonal adjustment, the National Index rose by 1.3%.

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March home prices were 0.7% higher than March 2022, 10-city composite dropped 0.8% YoY, while the 20-city composite fell 1.1%.

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Miami, Tampa, and Charlotte had the highest YoY gains among the 20 cities, 19 out of 20 cities reported lower prices compared to a year ago.

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Chicago was the only city with an increase at 0.4%.

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Western cities (Seattle and San Francisco) had weaker prices, while the Southeast remained the strongest region.

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