Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index.
This marks the second month of slower increases, as the housing market cools due to higher mortgage rates and increasing concern over inflation.This marks the second month of slower increases, as the housing market cools due to higher mortgage rates and increasing concern over inflation. In April, the annual gain was 20.6%.
The 10-city composite rose 19% year over year, down from 19.6% in the previous month. The 20-city composite increased 20.5%, down from 21.2% in April.Download NBC 5 Dallas-Fort Worth
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