US home price gains quickened in March as sales plunged

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US home price gains quickened in March as sales plunged
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U.S. home prices accelerated in March even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes.

FILE- In this June 8, 2018, file photo a for sale sign stands in front of a house, in Jenkintown, Pa. U.S. home prices accelerated in March 2020 even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes.

The S&P CoreLogic Case-Shiller 20-city home price index rose 3.9% in March, the largest gain in more than a year, up from 3.5% in February.

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