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U.S. Home Prices Rose 5.6% in May From Year Earlier, FHFA Says

U.S. home prices rose 5.6 percent in May from a year earlier as buyers competed for a scarcity of listings.

Prices climbed 0.2 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency said in a report Thursday from Washington. The average estimate of 18 economists was for a 0.4 percent gain, according to data compiled by Bloomberg.