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Home-Price Gains in 20 U.S. Cities Slow for 12th Straight Month

A multi-million dollar home listed for sale on Seale Ave. stands in Palo Alto, CA.

A multi-million dollar home listed for sale on Seale Ave. stands in Palo Alto, CA.

Photographer: Bloomberg/Bloomberg
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Home-price gains in 20 U.S. cities decelerated in March for a 12th straight month, suggesting sellers have yet to fully adjust to buyers’ demands for affordable properties.

The S&P CoreLogic Case-Shiller index of property values increased 2.7% from a year earlier, the slowest since August 2012, data showed Tuesday. That was slightly above estimates though the monthly gain of 0.1% missed all analyst forecasts. Nationally, home-price gains slowed to a 3.7% pace.