Home-Price Gains in 20 U.S. Cities Decelerate for 13th Month

Home-price gains in 20 U.S. cities decelerated in April for a 13th straight month to the weakest pace since 2012, indicating further moderation in the housing market, particularly in once-hot West Coast areas.

The S&P CoreLogic Case-Shiller index of property values increased 2.5% from a year earlier, matching estimates, following 2.6% in March, data showed Tuesday. On a monthly basis prices were unchanged, compared with forecasts for a 0.1% increase. Nationally, home prices decelerated to a 3.5% pace.