U.s. Home Price Growth Continues To Slow In May

U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller – Yahoo News

Economists had expected the pace of year-over-year growth in home prices to show a more modest slowdown to an annual rate of 9.9 percent. With the bigger than expected slowdown, the 20-City Composite Home Price Index showed its slowest annual rate of growth since February of 2013. S&P said all twenty cities with the exception of Charlotte and Tampa saw their annual rates of home price growth decelerate compared to the previous month. The report also said the 20-City Composite Home Price Index edged down by a seasonally adjusted 0.3 percent on a monthly basis in May. Economists had expected the index to increase by about 0.3 percent for the month compared to the 0.1 percent uptick seen in April. http://www.rttnews.com/story.aspx?Id=2358292

seasonally adjusted home prices fall in May: S&P/Case-Shiller 1 minute ago . View photo A real state sign is seen near a row of homes in the Haight Ashbury neighborhood in San Francisco, California NEW YORK (Reuters) – U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.3 percent in May on a seasonally adjusted basis. A Reuters poll of economists forecast a gain of 0.2 percent. http://news.yahoo.com/u-seasonally-adjusted-home-prices-fall-may-p-131120994–business.html

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