Jul
26
Home Prices in 20 U.S. Cities Rose Less Than Forecast in May
By-
Pacific Northwest region takes over lead in price appreciation
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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
