The S&P CoreLogic Case-Shiller U.S. National Home Price Index reported a 5.6 percent annual gain in May, unchanged from April.
The city composite showed slight decreases compared with April: The 10-City Composite had an annual increase of 4.9 percent, down from 5 percent, while the 20-City Composite posted a 5.7 percent gain, down from 5.8 percent.
The highest year-over-year gains were reported in Seattle, with a 13.3 percent gain; Portland, 8.9 percent; and Denver, 7.9 percent.
The National Index showed a 0.2 percent month-over-month increase in May. The 10-City Composite was unchanged, and the 20-City Composite grew 0.1 percent.
“Home prices continue to climb and outpace both inflation and wages,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “Housing is not repeating the bubble period of 2000–2006.”
