Pursuits
U.S. Home Prices Climbed in May as Supply Fell Short of Demand
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U.S. home prices rose in May as a limited supply of properties for sale failed to meet demand from first-time buyers.
Prices climbed 0.4 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency said in a report Wednesday. That matched the average estimate of 18 economists, according to data compiled by Bloomberg.