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Home Prices in 20 U.S. Cities Grew at Slower Pace in April
U.S. Home Prices Rise Slower Than Projected
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Home prices in 20 U.S. cities rose at a slower pace than projected in April, indicating the market was experiencing uneven gains as it entered the busier selling season.
The S&P/Case-Shiller index of property values increased 4.9 percent from April 2014 after climbing 5 percent in the year ended in March, the group said Tuesday in New York. The median estimate of 31 economists surveyed by Bloomberg called for a 5.5 percent advance. Nationally, prices rose 4.2 percent.