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Home-price growth rose to a new record in March as robust home-buying demand outweighed the limited supply of homes for sale.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 20.6% in the year that ended in March, up from a 20% annual rate the prior month. March marked the highest annual rate of price growth since the index began in 1987.
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