Jul
26

Home Prices in 20 U.S. Cities Rose Less Than Forecast in May

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  • Pacific Northwest region takes over lead in price appreciation
  • San Francisco led six cities seeing monthly price decreases

Home prices in 20 U.S. cities rose less than projected in May from a year earlier, signaling both buyers and sellers had the potential to benefit during the busy selling season, according to S&P CoreLogic Case-Shiller data reported Tuesday.

Key Points

  • 20-city property values index increased 5.2 percent from May 2015 (forecast was 5.5 percent) after climbing 5.4 percent in the year through April
  • National home-price gauge rose 5 percent from 12 months earlier
  • On a monthly basis, the seasonally adjusted 20-city measure fell 0.1 percent from April, following a revised 0.2 percent decline the prior month, the first back-to-back decrease since June-July 2014…

Home Prices in 20 U.S. Cities Rose Less Than Forecast in May

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