Home Prices Unexpectedly Fall – Yahoo Finance

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

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Home Price Gains Continue to Moderate According to the S&P/Case-Shiller Home Price Indices – Yahoo Finance

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. http://news.yahoo.com/u-seasonally-adjusted-home-prices-fall-may-p-131120994–business.html

While all cities continue to post year-over-year increases, gains weakened in May. Charlotte was the only MSA to see its annual rate improve; it posted 4.7% year-over-year in May versus 4.5% in April. Tampa held steady with a gain of 10.2%. Despite seeing their rates decrease by two to three percentage points, Las Vegas remained the top performing city with a return of +16.9%, followed by San Francisco at +15.4%. All cities reported increases month-over-month with nine cities Charlotte, Cleveland, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York and Tampa showing larger increases in May than in April. http://finance.yahoo.com/news/home-price-gains-continue-moderate-134700751.html


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