US Real Estate

US Home Price Gains at Slowest Pace in Nearly 2 Years: Case-Shiller

New York led the 20 cities with a 7.4 percent annual gain in May, while Tampa, Florida, ranked last with a 2.4 percent drop in home prices.
US Home Price Gains at Slowest Pace in Nearly 2 Years: Case-Shiller
A housing development in Santa Clarita, Calif. Mario Tama/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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The S&P CoreLogic Case-Shiller Index, the leading measure of U.S. home prices, showed a 2.3 percent annual gain in May, down from 2.7 percent in April, marking the lowest level since July 2023.

Meanwhile, the 20-city composite showed a year-over-year gain of 2.8 percent, a decline from a 3.4 percent increase in April. The 10-City composite experienced an annual growth rate of 3.4 percent, a decrease from 4.1 percent in April.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.