Pursuits
Home Prices in 20 U.S. Cities Climbed at Slower Pace in May
20 U.S. Cities See Slower Rise in Home Prices
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Home prices in 20 U.S. cities rose at a slower pace in the year ended May, keeping more properties within reach for prospective buyers.
The S&P/Case-Shiller index of property values increased 4.9 percent from May 2014 after rising 5 percent in the year ended in April, the group said Tuesday in New York. The median projection of 28 economists surveyed by Bloomberg called for a 5.6 percent year-over-year advance. Nationally, prices climbed 4.4 percent.