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Home-resale price index rises in March

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Home resale prices rose in March for a fourth straight month as prices rose in five of six metropolitan markets, according to a report on Wednesday.

The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in six metropolitan areas, showed overall prices were up 0.6 percent in March from February.

Overall prices were up 4.1 percent from a year earlier.

The index tracks home prices over time for repeat sales, so properties with at least two sales are required in the calculations. The report did not provide actual prices.
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