Home-Price Gains in U.S. Cities Cooled in February
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Home prices in 20 U.S. cities rose at a slower pace in the year ended February as the residential real-estate market cooled.
The S&P/Case-Shiller index of property values increased 12.9 percent from February 2013, the smallest 12-month gain since August, after rising 13.2 percent in the year ended in January, a report from the group showed today in New York. The median projection of 33 economists surveyed by Bloomberg called for a 13 percent advance.